1507 Norman AveLutherville TimoniumMD21093
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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
Total monthly income runs $2,746/mo, and a $2,731/mo payment. Purchase price stands at $558,000, and rental yield measures 5.91% with $2,746/mo rent. Return on cash invested shows 15.33% in year one, and 5% annual appreciation builds toward $154,165 over five years. Five-year ROI reaches 78.28% and total cumulative return in cash records $143,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,746/mo property income covering a $2,731/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21093, Lutherville Timonium, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,522 (100%) |
| Owner Occupied HU | 12,798 (77.5%) |
| Renter Occupied HU | 2,999 (18.2%) |
| Vacant Housing Units | 725 ( 4.4%) |
| Median Home Value | $511,519 |
| Average Home Value | $601,915 |
Housing Distribution
Address Breakdown
Residential
16,570
Single Family
11,950
Multi-Family
4,620
Businesses
1,469
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Listed by: Shaun Elhai • Cummings & Co. Realtors
Mls Name: Bright MLS
Mls ID: #MDBC2130264