153 Wilgate RdOwings MillsMD21117
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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 Owings Mills at 153 Wilgate Rd, Owings Mills, MD, 21117 generates $2,650/mo in rent and, after a $1,777/mo payment, leaves $392/mo in cash flow. Total monthly income is $2,650/mo, and annual cash flow is $4,704/yr on $120,335 invested. Return on cash invested sits at 23.82% in year one, and rental yield is 8.76% on a $363,000 entry. Equity gained on principal adds $2,342/yr, while 5% annual appreciation builds toward $100,290 over five years. Five-year ROI reaches 123.89% and total cumulative return in cash sums $149,079. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,650/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21117, Owings Mills, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,037 (100%) |
| Owner Occupied HU | 12,762 (49.0%) |
| Renter Occupied HU | 11,499 (44.2%) |
| Vacant Housing Units | 1,776 ( 6.8%) |
| Median Home Value | $420,475 |
| Average Home Value | $492,199 |
Housing Distribution
Address Breakdown
Residential
25,785
Single Family
15,012
Multi-Family
10,773
Businesses
1,909
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Listed by: Shalynn Mills-Arasanmi • Weichert, Realtors - Integrity Home Team
Mls Name: Bright MLS
Mls ID: #MDBC2147184