31 Owens Landing Ct #B-31bPerryvilleMD21903
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play31 Owens Landing Ct #B-31b, Perryville, MD, 21903 in Perryville is priced for appreciation, not yield. Rental yield 2.7%. At $344,500 with a 2.7% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $95,179 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.50) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $42,625.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.7% | 6.5% |
| Monthly Cash Flow | $(1,674) | $800 |
City averages based on Perryville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $774 |
| Total Monthly Debt Service | $2,006 |
| DSCR Ratio | 0.39x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21903, Perryville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,793 (100%) |
| Owner Occupied HU | 1,678 (60.1%) |
| Renter Occupied HU | 830 (29.7%) |
| Vacant Housing Units | 285 (10.2%) |
| Median Home Value | $305,618 |
| Average Home Value | $338,784 |
Housing Distribution
Address Breakdown
Residential
2,216
Single Family
1,770
Multi-Family
446
Businesses
148
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
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21903, Perryville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,793 (100%) |
| Owner Occupied HU | 1,678 (60.1%) |
| Renter Occupied HU | 830 (29.7%) |
| Vacant Housing Units | 285 (10.2%) |
| Median Home Value | $305,618 |
| Average Home Value | $338,784 |
Housing Distribution
Address Breakdown
Residential
2,216
Single Family
1,770
Multi-Family
446
Businesses
148
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bright MLS
Mls ID: #MDCC2021306