1702 Rich Way UNIT 3AForest 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 3A, Forest Hill, MD, 21050 earns $639/mo cash flow from $2,312/mo rent with a $1,317/mo payment. Total monthly income totals $2,312/mo, and annual cash flow totals $7,663/yr on $89,174 capital. ROI tracks 28.5% on current figures, and rental yield reads 10.31% at a $269,000 purchase. Equity gained on principal adds $1,736/yr, and 5% annual appreciation supports $74,320 over five years. Five-year ROI reaches 148.98% and total cumulative return in cash sums $132,851. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,312/mo property income instead of your personal income.
Apartment
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: Timothy Langhauser • Compass Home Group, LLC
Mls Name: Bright MLS
Mls ID: #MDHR2045076