1802 Leadburn RdTowsonMD21204
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.86% gross rental yield, 1802 Leadburn Rd, Towson, MD, 21204 in Towson is priced for capital growth, not immediate cash flow. The $674,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $186,462 by year five, with $6,216/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.09) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $197,848.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 6.0% |
| Monthly Cash Flow | $(908) | $850 |
City averages based on Towson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,294 |
| Total Monthly Debt Service | $3,929 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
9,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21204, Towson, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,170 (100%) |
| Owner Occupied HU | 3,931 (42.9%) |
| Renter Occupied HU | 4,294 (46.8%) |
| Vacant Housing Units | 945 (10.3%) |
| Median Home Value | $589,209 |
| Average Home Value | $662,230 |
Housing Distribution
Address Breakdown
Residential
9,661
Single Family
4,805
Multi-Family
4,856
Businesses
1,530
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1965
9,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21204, Towson, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,170 (100%) |
| Owner Occupied HU | 3,931 (42.9%) |
| Renter Occupied HU | 4,294 (46.8%) |
| Vacant Housing Units | 945 (10.3%) |
| Median Home Value | $589,209 |
| Average Home Value | $662,230 |
Housing Distribution
Address Breakdown
Residential
9,661
Single Family
4,805
Multi-Family
4,856
Businesses
1,530
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices