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3830 8th, Baltimore, MD 21225

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For Sale

$179,000

3 beds • 2 baths

Estimated Payment

$      /mo. †

APR for 30 years

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  • Townhouse
    Property type

  • Over 50 Years Old
    Age

Explore this Property

â 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 Ã â 12 = $16,788 Gross Yield: 16,788 / 179,000 â 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 â 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 P&I + $354 taxes + $100 insurance â $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 (â $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.
MLS# MDBA2181932

Courtesy Of Long & Foster Real Estate

(888) 536-0216

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Hardwood
  • Lot Size
    0.02 Acres

Map and Directions

Directions to 3830 8th, Baltimore, MD 21225

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.