1229 Wine Spring LnTowsonMD21204
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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
Investment property for sale in Towson at 1229 Wine Spring Ln, Towson, MD, 21204 uses $236,551 cash to close to unlock $1,060/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $4,560/mo, and a $3,519/mo payment keeps the spread at $88/mo. Purchase price stands at $719,000, and rental yield measures 7.61% with $4,560/mo rent. Return on cash invested shows 20.51% in year one, and 5% annual appreciation builds toward $198,646 over five years. Five-year ROI reaches 106.08% and total cumulative return in cash records $250,925. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,560/mo property income covering a $3,519/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.56 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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