๐ฅ OFF-MARKET BUY & HOLD In โค๏ธ of Waverly | DSCR HOME RUN
$155,000.00
718 Melville Ave., Baltimore, Maryland, United States, 21218
- Detached
- 900 Views
- Available
Property Description
Canโt beat this deal at $155,000.
This home is super clean even. Double car parking, HVAC and Radiator heat. Clean basement with super high 7 Ft. + to finish out lower level.
This property still pencils at ~1.57 DSCR using conservative assumptions with a Conservative DSCR Snapshot that Maths like a calculus teacher.
- Rent: $1,600/month (intentionally low) Can easily fetch $1800 for 2 bed with large Bonus room can be used as 3rd bed with light kitchen upgrade.
- Current layout works with cleaning at 1600 rental price easy.
- Loan: $124,000 (80% LTV) @ $155k Purchase.
- Rate / Term: 8% | 30 years
- Monthly P&I: ~$910
- NOI: ~$1,444/month
- DSCR: ~1.57 ๐

This clears that comfortably with room to spare.

- Solid brick Baltimore rowhome
- Clean, rent-ready condition
- Hardwood floors + newer carpet
- Functional kitchen & bath
- Skylight in bathroom
- Boiler/radiator heat good condition
- Newer gas water heater
- NEW HVAC
- Updated breaker panel
- Dry basement
- No major mechanical or structural issues observed
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Bedrooms 2
-
Bathrooms 1
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Type Detached
-
Year Built 1927
-
Square Footage 1,244 sqft
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Garage No
-
Basement Yes
-
HOA No
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Lot Size .4 acres
Location
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