1f511; Investor-Ready Financial Snapshot Discover a turnkey, income-producing solid brick rowhome featuring 3 bedrooms, 2 full baths, and 1,632 sq ft of living space - listed at $179,000 with an existing lease at $1,399/month. Key Metrics Gross Annual Rent: $1,399 X 12 = $16,788 Gross Yield: 16,788 / 179,000 2248;… Read More 9.4% Estimated Expense Ratio: 40% of rent ($6,715/yr) Net Operating Income (NOI): 16,788 - 6,715 = $10,073/yr Cap Rate: 10,073 / 179,000 2248; 5.6% Pro Forma Cash-on-Cash (70% LTV @ 5.5% 30 yr): 7.8% Recent updates - fresh paint, new flooring, modern fixtures - minimize immediate capital outlay. The low-maintenance brick exterior and on-street parking streamline day-to-day management. Proximity to public transit arteries (Route 40 bus, Light Rail), major universities (University of Baltimore, CCBC), and dining hotspots ensures sustained tenant demand. 1f3e1; Renter-to-Owner Advantage Move from renting to owning with no payment increase. Current mortgage estimate (P + I + T + I): $929 P&I + $354 taxes + $100 insurance 2248; $1,383/month - still below today's $1,399 rent2. Every payment builds equity instead of lining a landlord's pockets. Financial Highlights Down Payment: 5-10% typical (2248; $9,000-$18,000) Year 1 Equity Build: $900 principal pay-down + 3% market appreciation ( $5,370) Rent Credit Option: Apply current tenant's $1,399/month lease toward your mortgage or down payment Enjoy a light-filled updated kitchen, hardwood floors, and room-for-growth in a walkable Brooklyn neighborhood steps from shops, parks, and transit. At $179,000, this gem blends affordability, instant equity, and long-term wealth building. Read Less
Courtesy of Vic Brocato, Long & Foster Real Estate, Inc. [email protected]
Listing Snapshot
Days Online
14
Last Updated
Property Type
Townhouse
Beds
3
Full Baths
2
Square Ft.
1,360
Lot Size
0.02 Acres
Year Built
1942
MLS Number
MDBA2181932
30 Days Snapshot Of 21225
$227k
-29%
(avg) sold price
19
+46%
homes sold
53
+112%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1,360 sqft living area, 1,088 sqft above grade (finished), 272 sqft below grade (finished), 272 sqft below grade (unfinished), Built in 1942, Structure Type: Interior Row/Townhouse, 2 levels, Brick
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.