$179,000

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3830 8Th Baltimore, MD, United States 21225

ðŸ�‘ 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 × 12 = $16,788 Gross Yield: 16,788 / 179,000 ‰ˆ 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 ‰ˆ 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. ðŸ�¡ 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 ‰ˆ $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 (‰ˆ $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.

Amenities

  • Bedrooms: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 0
  • Property Type: Residential
  • Architectural Style: Other
  • Year Built: 1942
  • Built in 1942
  • Home size: 0 ft2 / 0.00 m2
  • MLS: MDBA2181932
  • Status: Active
Copyright © 2025 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property brokered by

Long & Foster Real Estate Inc.

(703) 877-7800

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Presented by Victor A Brocato

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