1702 Rich Way UNIT 2CForest HillMD21050
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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 Forest Hill at 1702 Rich Way UNIT 2C, Forest Hill, MD, 21050 uses $91,163 cash to close to unlock $7,436/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $2,330/mo, and a $1,346/mo payment keeps the spread at $620/mo. Purchase price stands at $275,000, and rental yield measures 10.17% with $2,330/mo rent. Return on cash invested shows 28.07% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 146.64% and total cumulative return in cash records $133,679. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,330/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21050, Forest Hill, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,018 (100%) |
| Owner Occupied HU | 6,173 (88.0%) |
| Renter Occupied HU | 667 ( 9.5%) |
| Vacant Housing Units | 178 ( 2.5%) |
| Median Home Value | $520,043 |
| Average Home Value | $540,450 |
Housing Distribution
Address Breakdown
Residential
7,010
Single Family
6,235
Multi-Family
775
Businesses
550
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Listed by: Paul Stagg • Cummings & Co. Realtors
Mls Name: Bright MLS
Mls ID: #MDHR2049942