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USAMDBaltimoreBrooklyn3830 8Th St
3830 8 Th St, Townhouse with 3 bedrooms, 2 bathrooms and null parking in BALTIMORE MD | Image 1
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$179,000

3830 8 Th St, Baltimore, MD

Townhouse

For Sale

$--,---,---
320
  • Key Facts
  • Description
  • Map

Key Facts

Type Townhouse
Levels Residential
Size 1360 sqft
Garage No
Taxes $4,248
Days Active 29
Lot Size 
Approx. Age 1942
Avg. Price Per Sqft $131
MLS® Number MDBA2181932

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

🔑 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 P&I + $354 taxes + $100 insurance ≈ $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 (≈ $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.Show Description
MLS® NumberMDBA2181932
Laundry Level
Central VacNo
FireplaceNo
Acreage0.02
Exterior
GarageNo
Approx. Age1942
BasementOther
DrivewayOn Street
Garage Spaces
HeatRadiator, Other Fuel
A/CCentral A/C, Electric
Heating Fuel

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