1 Smeton Pl #506 & 606, Towson, MD, 21204 | $213/mo Cash Flow

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1 Smeton Pl #506 & 606, Towson, MD, 21204 | $213/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Towson at 1 Smeton Pl #506 & 606, Towson, MD, 21204 generates $1,765/mo in rent and, after a $1,221/mo payment, leaves $213/mo in cash flow. Total monthly income is $1,765/mo, and annual cash flow is $2,561/yr on $82,709 invested. Return on cash invested sits at 23.01% in year one, and rental yield is 8.49% on a $249,500 entry. Equity gained on principal adds $1,610/yr, while 5% annual appreciation builds toward $68,932 over five years. Five-year ROI reaches 119.52% and total cumulative return in cash sums $98,853. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,765/mo property income rather than buyer’s personal income.

Condo

Built in 1975

N/A lot

$N/A/sqft

No HOA

More details about the property

Lot's of space, over 2000 sq ft. Keeps you relaxed in the heart of Towson. This unit overlooks beautiful sunsets. A100% gated community with new gates going up immediately. The 14 floor Hi-Rise is a locked building for more security. A 2 bedroom/ 2 full baths open floor plan with 2 quiet balconies providing a panoramic view. Two separately deeded but built as one unit, cannot be divided. The Primary bedroom leads to one balcony, as well as a dressing area, 3 large closets and a walk-in shower. The second bedroom has it's own private bathroom, and a walk-in closet. Both bedrooms on the 506 unit, including the stack washer & dryer. The 606 unit enters into the updated kitchen, with granite and a family room with an alcove. Living room & dining area also on the upper floor. A spiral staircase with new carpeting takes you from up & down in your private double units. The oversized windows in every room provides magnificent light throughout the unit. Monthly condo fee includes electricity, heat, water, trash, and numerous amenities including large pool, a childrens pool too. New pickleball & tennis courts, basketball ct,, tot lot & a beautiful library and extra (meeting , party) room inside the Hi-Rise. Also includes the gatehouse for security with 24 hours of coverage. Plenty of parking, front, back & sides. This is a must see! Remember no dogs allowed or investors (no rentals)

Neighborhood Data

Neighborhood data shown for ZIP Code: 21204, Towson, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,170 (100%)
Owner Occupied HU	3,931 (42.9%)
Renter Occupied HU	4,294 (46.8%)
Vacant Housing Units	945 (10.3%)
Median Home Value	$589,209
Average Home Value	$662,230