1303 Cedar Crest Ct APT LJoppaMD21040
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 Joppa at 1303 Cedar Crest Ct APT L, Joppa, MD, 21040 at $143,000 posts ROI 34.58% with $580/mo cash flow from $1,488/mo rent. Total monthly income equals $1,488/mo, and annual cash flow records $6,954/yr on $47,405 to close. Return on cash invested measures 34.58% and rental yield reads 12.49% at the current $143,000. Equity gained on principal adds $923/yr, and 5% annual appreciation supports $39,508 by year five. Five-year ROI prints 181.79% and total cumulative return in cash totals $86,176.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,488/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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
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