215 Belmont Forest Ct UNIT 108Lutherville 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 215 Belmont Forest Ct UNIT 108, Lutherville Timonium, MD, 21093 uses $120,998 cash to close to unlock $4,097/yr annual cash flow and $341/mo monthly cash flow. Total monthly income runs $2,611/mo, and a $1,786/mo payment keeps the spread at $341/mo. Purchase price stands at $365,000, and rental yield measures 8.58% with $2,611/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 121.05% and total cumulative return in cash records $146,467. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,611/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Condo
Built in 1996
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: Tanner Wills • Douglas Realty, LLC
Mls Name: Bright MLS
Mls ID: #MDBC2147018