๐Ÿ”ฅ OFF-MARKET BUY & HOLD In โค๏ธ of Waverly | DSCR HOME RUN

$155,000.00

718 Melville Ave., Baltimore, Maryland, United States, 21218
  • Detached
  • 900 Views
  • Available
Property Description

Canโ€™t 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 ๐Ÿš€

๐Ÿ‘‰ย Most DSCR lenders only require 1.10โ€“1.25.

This clears that comfortably with room to spare.

๐Ÿ ย Property Overview

  • 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

  • Bedroom
    Bedrooms 2
  • Bathroom
    Bathrooms 1
  • Property Type
    Type Detached
  • Year
    Year Built 1927
  • Square Ft
    Square Footage 1,244 sqft
  • Garage
    Garage No
  • Basement
    Basement Yes
  • Hoa
    HOA No
  • Lot Size
    Lot Size .4 acres
Location