1612 Lorimer RdGlen BurnieMD21061
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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 Glen Burnie at 1612 Lorimer Rd, Glen Burnie, MD, 21061 offers a 9.94% rental yield on a $349,900 purchase with $2,897/mo rent. Total monthly income registers $2,897/mo, and a $1,713/mo payment leaves $720/mo available for distribution. Annual cash flow reaches $8,645/yr on $115,992 to close, and return on cash invested stands at 27.36% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 142.86% and total cumulative return in cash at $165,702. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,897/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
5,890 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21061, Glen Burnie, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,421 (100%) |
| Owner Occupied HU | 12,136 (51.8%) |
| Renter Occupied HU | 10,196 (43.5%) |
| Vacant Housing Units | 1,089 ( 4.6%) |
| Median Home Value | $369,670 |
| Average Home Value | $442,149 |
Housing Distribution
Address Breakdown
Residential
22,152
Single Family
15,473
Multi-Family
6,679
Businesses
1,803
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Listed by: Bob Chew • Samson Properties
Mls Name: Bright MLS
Mls ID: #MDAA2129578