11 Elphin Ct UNIT 301Lutherville TimoniumMD21093
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 11 Elphin Ct UNIT 301, Lutherville Timonium, MD, 21093 in Lutherville Timonium speaks for itself: 11.33% gross on a $284,000 price, generating $2,682/mo in rent and $636/mo in net income after the $1,277/mo debt service. DSCR 2.10, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,628 stacks alongside $78,464 in projected five-year appreciation and $2,616/yr in principal reduction. Projected total cumulative return: $166,674.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 5.1% |
| Monthly Cash Flow | $636 | $850 |
City averages based on Lutherville Timonium market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,682 |
| Total Monthly Debt Service | $1,653 |
| DSCR Ratio | 1.62x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1986
1,291 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21093, Lutherville Timonium, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,522 (100%) |
| Owner Occupied HU | 12,798 (77.5%) |
| Renter Occupied HU | 2,999 (18.2%) |
| Vacant Housing Units | 725 ( 4.4%) |
| Median Home Value | $511,519 |
| Average Home Value | $601,915 |
Housing Distribution
Address Breakdown
Residential
16,570
Single Family
11,950
Multi-Family
4,620
Businesses
1,469
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1986
1,291 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21093, Lutherville Timonium, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,522 (100%) |
| Owner Occupied HU | 12,798 (77.5%) |
| Renter Occupied HU | 2,999 (18.2%) |
| Vacant Housing Units | 725 ( 4.4%) |
| Median Home Value | $511,519 |
| Average Home Value | $601,915 |
Housing Distribution
Address Breakdown
Residential
16,570
Single Family
11,950
Multi-Family
4,620
Businesses
1,469
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Livengood • AB & Co Realtors, Inc.
Mls Name: Bright MLS
Mls ID: #MDBC2147904