31 Bright Sky CtOwings MillsMD21117
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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 Owings Mills at 31 Bright Sky Ct, Owings Mills, MD, 21117 priced at $320,000 pairs $3,088/mo rent with $1,098/mo cash flow after a $1,566/mo payment. Total monthly income equals $3,088/mo, and annual cash flow comes to $13,176/yr on $106,080 invested. Return on cash invested is 32.33% in year one, and rental yield stands at 11.58% on a $320,000 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 169.48% and total cumulative return in cash reaches $179,787. For financing, Ziffy Mortgage’s DSCR program evaluates $3,088/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2001
1,829 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21117, Owings Mills, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,037 (100%) |
| Owner Occupied HU | 12,762 (49.0%) |
| Renter Occupied HU | 11,499 (44.2%) |
| Vacant Housing Units | 1,776 ( 6.8%) |
| Median Home Value | $420,475 |
| Average Home Value | $492,199 |
Housing Distribution
Address Breakdown
Residential
25,785
Single Family
15,012
Multi-Family
10,773
Businesses
1,909
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Listed by: Tawfik Anounkou • Keller Williams Capital Properties
Mls Name: Bright MLS
Mls ID: #MDBC2148682