2508 Hartham CtLutherville 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
Rental property for sale in Lutherville Timonium at 2508 Hartham Ct, Lutherville Timonium, MD, 21093 priced at $495,800 converts $3,661/mo rent into $577/mo cash flow after a $2,427/mo obligation. Total monthly income equals $3,661/mo, and annual cash flow totals $6,925/yr on $164,358 invested. Return on cash invested prints 24.12% in year one, and rental yield reads 8.86% against a $495,800 entry. Equity gained on principal adds $3,199/yr, while 5% annual appreciation compiles into $136,980 by year five. Five-year ROI reaches 125.5% and total cumulative return in cash sums $206,265. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,661/mo property income covering a $2,427/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.42 Acres 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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