3830 8th

🔑 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.