12 Rainflower Path UNIT 304Sparks GlencoeMD21152
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
Investment Highlights
Investment property for sale in Sparks Glencoe at 12 Rainflower Path UNIT 304, Sparks Glencoe, MD, 21152 offers a 11.03% rental yield on a $274,900 purchase with $2,526/mo rent. Total monthly income registers $2,526/mo, and a $1,346/mo payment leaves $817/mo available for distribution. Annual cash flow reaches $9,801/yr on $91,129 to close, and return on cash invested stands at 30.66% in year one. Equity gained on principal adds $1,774/yr while 5% annual appreciation supports $75,950 over five years. Portfolio math shows five-year ROI at 160.56% and total cumulative return in cash at $146,319. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,526/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21152, Sparks Glencoe, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,515 (100%) |
| Owner Occupied HU | 1,873 (74.5%) |
| Renter Occupied HU | 535 (21.3%) |
| Vacant Housing Units | 107 ( 4.3%) |
| Median Home Value | $525,689 |
| Average Home Value | $664,610 |
Housing Distribution
Address Breakdown
Residential
2,479
Single Family
1,789
Multi-Family
690
Businesses
198
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian McGeehan • Cummings & Co. Realtors
Mls Name: Bright MLS
Mls ID: #MDBC2134956