308 Middle Grove Ct SWestminsterMD21157
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Westminster at 308 Middle Grove Ct S, Westminster, MD, 21157 uses $96,102 cash to close to unlock $8,291/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $2,494/mo, and a $1,419/mo payment keeps the spread at $691/mo. Purchase price stands at $289,900, and rental yield measures 10.32% with $2,494/mo rent. Return on cash invested shows 28.54% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 149.14% and total cumulative return in cash records $143,325. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,494/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Townhouse
Built in 1974
7,310 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21157, Westminster, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,358 (100%) |
| Owner Occupied HU | 11,007 (71.7%) |
| Renter Occupied HU | 3,696 (24.1%) |
| Vacant Housing Units | 655 ( 4.3%) |
| Median Home Value | $438,695 |
| Average Home Value | $477,453 |
Housing Distribution
Address Breakdown
Residential
14,992
Single Family
14,137
Multi-Family
855
Businesses
1,432
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jordan Chiaruttini • RE/MAX Solutions
Mls Name: Bright MLS
Mls ID: #MDCR2029062