306 Canterbury Rd APT OBel 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 306 Canterbury Rd APT O, Bel Air, MD, 21014 offers $2,226/mo rent that, after a $1,100/mo payment, leaves $828/mo cash flow. Total monthly income is $2,226/mo, and annual cash flow is $9,938/yr on $74,521 cash. Return on cash invested measures 33.24% in year one, and rental yield stands at 11.88% at a $224,800 entry. Equity gained on principal adds $1,451/yr while 5% annual appreciation compounds into $62,108 by year five. Five-year ROI records 174.45% and total cumulative return in cash reaches $130,002. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,226/mo property income versus a $1,100/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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