205 E Joppa Rd APT 1606TowsonMD21286
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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 APT 1606, Towson, MD, 21286 offers a 11.29% rental yield on a $214,000 purchase with $2,014/mo rent. Total monthly income registers $2,014/mo, and a $1,047/mo payment leaves $683/mo available for distribution. Annual cash flow reaches $8,201/yr on $70,941 to close, and return on cash invested stands at 31.47% in year one. Equity gained on principal adds $1,381/yr while 5% annual appreciation supports $59,124 over five years. Portfolio math shows five-year ROI at 164.89% and total cumulative return in cash at $116,975. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,014/mo property income against a $1,047/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: 21286, Towson, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,178 (100%) |
| Owner Occupied HU | 6,057 (54.2%) |
| Renter Occupied HU | 3,997 (35.8%) |
| Vacant Housing Units | 1,124 (10.1%) |
| Median Home Value | $466,123 |
| Average Home Value | $494,134 |
Housing Distribution
Address Breakdown
Residential
10,606
Single Family
7,160
Multi-Family
3,446
Businesses
935
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