135 Kelly WaySparksMD21152
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 135 Kelly Way, Sparks, MD, 21152 in Sparks fits: $868,190, 4.48% gross yield, and a projected 5% annual appreciation rate adding $239,865 in value within five years. Rental yield 4.48%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.83) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $7,996/yr in principal paydown and $239,865 in appreciation project a total return of $190,339.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 6.5% |
| Monthly Cash Flow | $(2,160) | $450 |
City averages based on Sparks market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,240 |
| Total Monthly Debt Service | $5,054 |
| DSCR Ratio | 0.64x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Townhouse
Built in 2026
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
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
Townhouse
Built in 2026
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
