1406 Joppa Forest Dr Unit 16JoppaMD21085
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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 Joppa at 1406 Joppa Forest Dr Unit 16, Joppa, MD, 21085 earns $1,055/mo cash flow from $2,796/mo rent with a $1,370/mo payment. Total monthly income totals $2,796/mo, and annual cash flow totals $12,662/yr on $92,787 capital. ROI tracks 33.55% on current figures, and rental yield reads 11.99% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 176.1% and total cumulative return in cash sums $163,393. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,796/mo property income instead of your personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21085, Joppa, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,293 (100%) |
| Owner Occupied HU | 5,716 (78.4%) |
| Renter Occupied HU | 1,258 (17.2%) |
| Vacant Housing Units | 319 ( 4.4%) |
| Median Home Value | $379,594 |
| Average Home Value | $447,700 |
Housing Distribution
Address Breakdown
Residential
7,103
Single Family
6,721
Multi-Family
382
Businesses
324
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