310 Altham LnNorth EastMD21901
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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
Investment property for sale in North East at 310 Altham Ln, North East, MD, 21901 offers a 9.92% rental yield on a $372,500 purchase with $3,080/mo rent. Total monthly income registers $3,080/mo, and a $1,823/mo payment leaves $763/mo available for distribution. Annual cash flow reaches $9,161/yr on $123,484 to close, and return on cash invested stands at 27.33% in year one. Equity gained on principal adds $2,404/yr while 5% annual appreciation supports $102,915 over five years. Portfolio math shows five-year ROI at 142.68% and total cumulative return in cash at $176,182. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,080/mo property income against a $1,823/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2016
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21901, North East, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,213 (100%) |
| Owner Occupied HU | 5,121 (62.4%) |
| Renter Occupied HU | 2,190 (26.7%) |
| Vacant Housing Units | 902 (11.0%) |
| Median Home Value | $395,977 |
| Average Home Value | $418,006 |
Housing Distribution
Address Breakdown
Residential
7,934
Single Family
7,364
Multi-Family
570
Businesses
460
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Listed by: Doreen Moran • Remax Vision
Mls Name: Bright MLS
Mls ID: #MDCC2020200