630 PATAPSCO Baltimore, MD 21225
3 Beds
2 Baths
1,276 SqFt
UPDATED:
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,276 sqft
Price per Sqft $102
Subdivision Brooklyn
MLS Listing ID MDBA2181246
Style Traditional
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N N
Year Built 1927
Available Date 2025-09-30
Annual Tax Amount $2,088
Tax Year 2024
Lot Size 1,459 Sqft
Acres 0.03
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Swap every rent check for equity—your payment stays the same.
Estimated Mortgage (5% down on $131K @ 6.5% 30 yr):
Loan: $124,450 → P&I ≈ $785 / mo
Taxes ( $1,100 / yr): $92 / mo
Insurance ( $800 / yr): $67 / mo
Total PITI ≈ $944 / mo vs. $1,300 rent → $356 / mo savings
Year 1 Equity Build:
Principal Pay-down: ≈ $1,300
3% Market Appreciation: ≈ $3,930
Total Wealth Gain: ∼ $5,230
Rent Credit Option: Apply the current tenant's $1,300/month lease toward your mortgage or down payment.
Enjoy 3 bedrooms, a private rear yard, updated kitchen, hardwood floors and a walkable Brooklyn block near schools, parks and commuter routes. At $131,000, this is where affordability meets long-term wealth building.
Unlock a solid brick rowhome at $131,000 with a month-to-month tenant paying $1,300 / mo and rental comps at $1,400–$1,600 / mo.
Gross Annual Rent (current):
$1,300 × 12 = $15,600
Yield: 15,600 / 131,000 ≈ 11.9%
Pro Forma with $1,500 / mo rents:
$1,500 × 12 = $18,000 → Yield ≈ 13.7%
Expenses (est. 40% of gross rent):
Current rent: 15,600 × 0.40 = $6,240 / yr
NOI: 15,600 – 6,240 = $9,360 / yr → Cap Rate: 9,360 / 131,000 ≈ 7.1%
With $1,500/mo: NOI ≈ 10,800 → Cap Rate ≈ 8.2%
Debt Service & Cash-on-Cash (75% LTV @ 6.5% – 30 yr):
Loan: $98,250 → P&I ≈ $621 / mo → $7,452 / yr
Annual Cash Flow: 9,360 – 7,452 = $1,908 → CoC ≈ 5.8%
Fresh paint, new flooring, modern fixtures and a low-maintenance brick exterior keep upfront cap-ex minimal. No HOA, low taxes, plus on-street parking. Minutes to transit (Route 40 bus, Light Rail), CCBC, shops and eateries ensure steady demand.
Location
State MD
County Baltimore City
Zoning C-2
Rooms
Basement Fully Finished
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Senior Community No
Tax ID 0325067077 030A
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
