1921 Norwich 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 1921 Norwich Rd, Glen Burnie, MD, 21061 uses $104,423 cash to close to unlock $10,639/yr annual cash flow and $887/mo monthly cash flow. Total monthly income runs $2,846/mo, and a $1,542/mo payment keeps the spread at $887/mo. Purchase price stands at $315,000, and rental yield measures 10.84% with $2,846/mo rent. Return on cash invested shows 30.1% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 157.53% and total cumulative return in cash records $164,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,846/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1948
6,006 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: Adam Chubbuck • Douglas Realty, LLC
Mls Name: Bright MLS
Mls ID: #MDAA2131910