224 Ferndale 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
Rental property for sale in Glen Burnie at 224 Ferndale Rd, Glen Burnie, MD, 21061 offers $3,431/mo rent that, after a $2,496/mo payment, leaves $259/mo cash flow. Total monthly income is $3,431/mo, and annual cash flow is $3,113/yr on $167,757 cash. Return on cash invested measures 21.92% in year one, and rental yield stands at 8.07% at a $509,900 entry. Equity gained on principal adds $3,290/yr while 5% annual appreciation compounds into $140,876 by year five. Five-year ROI records 113.62% and total cumulative return in cash reaches $190,604. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,431/mo property income versus a $2,496/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.36 Acres 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: Steve Podwojski • ABR
Mls Name: Bright MLS
Mls ID: #MDAA2124890