31 Merino 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 Merino Ct, Owings Mills, MD, 21117 generates $2,293/mo in rent and, after a $1,566/mo payment, leaves $303/mo in cash flow. Total monthly income is $2,293/mo, and annual cash flow is $3,638/yr on $106,047 invested. Return on cash invested sits at 23.34% in year one, and rental yield is 8.6% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 121.3% and total cumulative return in cash sums $128,636. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,293/mo property income rather than buyer’s personal income.
Townhouse
Built in 1989
1,600 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: Benjamin Daniels • The KW Collective
Mls Name: Bright MLS
Mls ID: #MDBC2140360