28 Allegheny Ave APT 2710, Towson, MD, 21204 | $241/mo Cash Flow

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28 Allegheny Ave APT 2710, Towson, MD, 21204 | $241/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Towson at 28 Allegheny Ave APT 2710, Towson, MD, 21204 offers a 8.62% rental yield on a $250,000 purchase with $1,796/mo rent. Total monthly income registers $1,796/mo, and a $1,224/mo payment leaves $241/mo available for distribution. Annual cash flow reaches $2,889/yr on $82,875 to close, and return on cash invested stands at 23.39% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 121.58% and total cumulative return in cash at $100,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,796/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1976

N/A lot

$N/A/sqft

No HOA

More details about the property

Amazing Interior Pictures COMING Friday Morning !!!! The Penthouse in The Penthouse Live above it all in this rare penthouse-level, two-story condo located in the heart of Towson. Offering approx 1,583 square feet, this stunning 3-bedroom, 2.5-bath home is one of only four units in the building with a large private outdoor terrace and one of the few units with a fully enclosed all-season balconyadding valuable year-round living space. Features Youll Love: Two-story penthouse living with modern updates and abundant natural light Fully enclosed, climate-controlled balconyperfect as a sunroom, office, or reading nookwith a brand-new railing and sliding glass doors scheduled for installation this year as part of the buildings exterior renovation project Brand new hardwood maple flooring throughout the lower level, with matching maple flooring included to complete the upstairs if desired (quality parquet wood flooring lies under the current carpet) Stylish concrete countertops, sink/faucet, and brand-new stainless-steel GE appliances, including an induction range. Custom modern concrete fireplace for cozy nights in Spacious primary suite with en-suite bath and ample closet space Brand new HVAC system (2025) with complete rewiring, 5-year transferable labor warranty, and a new water heater installed in 2025 Central A/C, in-unit laundry, and plenty of storage Exceptional soundproofingthick concrete construction means zero noise from neighbors Historic note: this very unit once served as the home of Dr. Gerald D. Klee, a renowned psychiatrist and professor Building Amenities: 24-hour concierge and secure access for peace of mind and convenience Beautiful outdoor pool and renovated fitness center Major building upgrades underway, including balcony and railing overhauls Professional, on-site management and responsive maintenance team Water, sewer, and trash collection included in condo fees Prime Location: Located close by, Whole Foods, Cinemark Theater, Towson Town Center, and a variety of shops and restaurants. On-site dining includes the European-style Roggenart Bakery and Underground Pizza. Weekly farmers market every Thursday right outside your door. Located close to Towson University and minutes from major commuter routes. Best View in the Building: Enjoy unparalleled, sweeping views of downtown Towsonmorning to night, every day of the year. Parking is an additional charge and not included in the listing

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