3830 8th, BALTIMORE, MD 21225

🔑 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 ≈ 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 ≈ 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. 🏡 Renter-to-Owner Advantage Move from renting to owning with no payment increase. Current mortgage estimate (P + I + T + I): $929 … read more …