1006 W Joppa RdTowsonMD21204
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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
Investment Highlights
Rental property for sale in Towson at 1006 W Joppa Rd, Towson, MD, 21204 generates $2,280/mo in rent, after a $3,025/mo payment. Total monthly income is $2,280/mo. Return on cash invested sits at 10.83% in year one, and rental yield is 4.43% on a $618,000 entry. Equity gained on principal adds $3,988/yr, while 5% annual appreciation builds toward $170,742 over five years. Five-year ROI reaches 54.18% and total cumulative return in cash sums $110,159. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.38 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,661
Single Family
4,805
Multi-Family
4,856
Businesses
1,530
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