3405 Nancy Ellen WayOwings 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 3405 Nancy Ellen Way, Owings Mills, MD, 21117 offers a 8.4% rental yield on a $515,000 purchase with $3,604/mo rent. Total monthly income registers $3,604/mo, and a $2,521/mo payment leaves $401/mo available for distribution. Annual cash flow reaches $4,808/yr on $169,435 to close, and return on cash invested stands at 22.9% in year one. Equity gained on principal adds $3,323/yr while 5% annual appreciation supports $142,285 over five years. Portfolio math shows five-year ROI at 118.89% and total cumulative return in cash at $201,433. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,604/mo property income against a $2,521/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
1.19 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: Nechelle Robinson • Cummings & Co. Realtors
Mls Name: Bright MLS
Mls ID: #MDBC2137806