205 E Joppa Rd #2706TowsonMD21204
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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 Towson at 205 E Joppa Rd #2706, Towson, MD, 21204 offers a 9.89% rental yield on a $272,500 purchase with $2,245/mo rent. Total monthly income registers $2,245/mo, and a $1,334/mo payment leaves $550/mo available for distribution. Annual cash flow reaches $6,599/yr on $90,334 to close, and return on cash invested stands at 27.21% in year one. Equity gained on principal adds $1,758/yr while 5% annual appreciation supports $75,287 over five years. Portfolio math shows five-year ROI at 142.05% and total cumulative return in cash at $128,322. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,245/mo property income against a $1,334/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A 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
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