298 Canterbury Rd APT DBel AirMD21014
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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 Bel Air at 298 Canterbury Rd APT D, Bel Air, MD, 21014 offers $2,086/mo rent that, after a $1,253/mo payment, leaves $494/mo cash flow. Total monthly income is $2,086/mo, and annual cash flow is $5,926/yr on $84,864 cash. Return on cash invested measures 26.89% in year one, and rental yield stands at 9.78% at a $256,000 entry. Equity gained on principal adds $1,652/yr while 5% annual appreciation compounds into $70,728 by year five. Five-year ROI records 140.34% and total cumulative return in cash reaches $119,098. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,086/mo property income versus a $1,253/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21014, Bel Air, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,850 (100%) |
| Owner Occupied HU | 12,181 (76.9%) |
| Renter Occupied HU | 3,197 (20.2%) |
| Vacant Housing Units | 472 ( 3.0%) |
| Median Home Value | $457,293 |
| Average Home Value | $489,682 |
Housing Distribution
Address Breakdown
Residential
15,279
Single Family
11,936
Multi-Family
3,343
Businesses
1,492
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