1807 Ridgewick 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 1807 Ridgewick Rd, Glen Burnie, MD, 21061 earns $1,136/mo cash flow from $3,521/mo rent with a $1,877/mo payment. Total monthly income totals $3,521/mo, and annual cash flow totals $13,630/yr on $127,130 capital. ROI tracks 30.63% on current figures, and rental yield reads 11.02% at a $383,500 purchase. Equity gained on principal adds $2,475/yr, and 5% annual appreciation supports $105,954 over five years. Five-year ROI reaches 160.37% and total cumulative return in cash sums $203,875. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,521/mo property income instead of your personal income.
Single Family
Built in 1960
6,351 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: Gina Gargeu • Century 21 Downtown
Mls Name: Bright MLS
Mls ID: #MDAA2117268