1303 Cedar Crest Ct APT LJoppaMD21040
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 1303 Cedar Crest Ct APT L, Joppa, MD, 21040 in Joppa is narrow, $173/mo net on $1,488/mo rent after the $643/mo debt service, but the property operates at break-even-plus, not a loss. At $143,000 with a 9.34% yield, the long-run equity case via 5% appreciation ($39,508 over five years) and $1,317/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 2.31 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $91,657.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $173 | $300 |
City averages based on Joppa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,488 |
| Total Monthly Debt Service | $851 |
| DSCR Ratio | 1.75x |
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 1989
1 Acres lot
$N/A/sqft
$19 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21040, Edgewood, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,787 (100%) |
| Owner Occupied HU | 5,936 (60.7%) |
| Renter Occupied HU | 3,226 (33.0%) |
| Vacant Housing Units | 625 ( 6.4%) |
| Median Home Value | $267,793 |
| Average Home Value | $304,569 |
Housing Distribution
Address Breakdown
Residential
9,212
Single Family
9,029
Multi-Family
183
Businesses
457
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 1989
1 Acres lot
$N/A/sqft
$19 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21040, Edgewood, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,787 (100%) |
| Owner Occupied HU | 5,936 (60.7%) |
| Renter Occupied HU | 3,226 (33.0%) |
| Vacant Housing Units | 625 ( 6.4%) |
| Median Home Value | $267,793 |
| Average Home Value | $304,569 |
Housing Distribution
Address Breakdown
Residential
9,212
Single Family
9,029
Multi-Family
183
Businesses
457
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices