17 Hayride Ln #204TaneytownMD21787
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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 Taneytown at 17 Hayride Ln #204, Taneytown, MD, 21787 generates $3,719/mo in rent and, after a $2,373/mo payment, leaves $704/mo in cash flow. Total monthly income is $3,719/mo, and annual cash flow is $8,442/yr on $160,744 invested. Return on cash invested sits at 25.16% in year one, and rental yield is 9.2% on a $484,900 entry. Equity gained on principal adds $3,129/yr, while 5% annual appreciation builds toward $133,969 over five years. Five-year ROI reaches 131.05% and total cumulative return in cash sums $210,655. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,719/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21787, Taneytown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,813 (100%) |
| Owner Occupied HU | 3,820 (79.4%) |
| Renter Occupied HU | 761 (15.8%) |
| Vacant Housing Units | 232 ( 4.8%) |
| Median Home Value | $367,543 |
| Average Home Value | $413,278 |
Housing Distribution
Address Breakdown
Residential
4,790
Single Family
4,742
Multi-Family
48
Businesses
225
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