3309 Carroll AveOwings 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
Investment property for sale in Owings Mills at 3309 Carroll Ave, Owings Mills, MD, 21117 uses $132,567 cash to close to unlock $9,818/yr annual cash flow and $818/mo monthly cash flow. Total monthly income runs $3,305/mo, and a $1,957/mo payment keeps the spread at $818/mo. Purchase price stands at $399,900, and rental yield measures 9.92% with $3,305/mo rent. Return on cash invested shows 27.31% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 142.62% and total cumulative return in cash records $189,068. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,305/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1921
1 Acres 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: Jose Salvador Rivera Jr • RE/MAX Excellence Realty
Mls Name: Bright MLS
Mls ID: #MDBC2150002