1304 Purnell RdSeverna ParkMD21146
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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
Rental property for sale in Severna Park at 1304 Purnell Rd, Severna Park, MD, 21146 generates $3,433/mo in rent, after a $2,785/mo payment. Total monthly income is $3,433/mo. Return on cash invested sits at 19.38% in year one, and rental yield is 7.24% on a $569,000 entry. Equity gained on principal adds $3,672/yr, while 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 100.04% and total cumulative return in cash sums $187,271. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,433/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21146, Severna Park, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,171 (100%) |
| Owner Occupied HU | 8,817 (86.7%) |
| Renter Occupied HU | 991 ( 9.7%) |
| Vacant Housing Units | 363 ( 3.6%) |
| Median Home Value | $688,893 |
| Average Home Value | $783,624 |
Housing Distribution
Address Breakdown
Residential
10,158
Single Family
9,749
Multi-Family
409
Businesses
916
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Listed by: Alexander Esfahani • Coldwell Banker Realty - Washington
Mls Name: Bright MLS
Mls ID: #MDAA2131856