2 Elphin Ct UNIT 302Lutherville TimoniumMD21093
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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 Lutherville Timonium at 2 Elphin Ct UNIT 302, Lutherville Timonium, MD, 21093 uses $82,875 cash to close to unlock $2,385/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,754/mo, and a $1,224/mo payment keeps the spread at $199/mo. Purchase price stands at $250,000, and rental yield measures 8.42% with $1,754/mo rent. Return on cash invested shows 22.79% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 118.33% and total cumulative return in cash records $98,062. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,754/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21093, Lutherville Timonium, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,522 (100%) |
| Owner Occupied HU | 12,798 (77.5%) |
| Renter Occupied HU | 2,999 (18.2%) |
| Vacant Housing Units | 725 ( 4.4%) |
| Median Home Value | $511,519 |
| Average Home Value | $601,915 |
Housing Distribution
Address Breakdown
Residential
16,570
Single Family
11,950
Multi-Family
4,620
Businesses
1,469
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Listed by: Darren McShane • Cummings & Co. Realtors
Mls Name: Bright MLS
Mls ID: #MDBC2144134