360 Magothy Rd #15KSeverna ParkMD21146
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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 Severna Park at 360 Magothy Rd #15K, Severna Park, MD, 21146 offers a 7.22% rental yield on a $608,600 purchase with $3,661/mo rent. 28% in year one. Equity gained on principal adds $3,927/yr while 5% annual appreciation supports $168,145 over five years. Portfolio math shows five-year ROI at 84.5% and total cumulative return in cash at $169,200. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,661/mo property income against a $2,979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21146, Severna Park, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,171 (100%) |
| Owner Occupied HU | 8,817 (86.7%) |
| Renter Occupied HU | 991 ( 9.7%) |
| Vacant Housing Units | 363 ( 3.6%) |
| Median Home Value | $688,893 |
| Average Home Value | $783,624 |
Housing Distribution
Address Breakdown
Residential
10,158
Single Family
9,749
Multi-Family
409
Businesses
916
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Listed by: N/A • N/A
Mls Name: HomeServices Property Management
Mls Provider:
Mls ID: #MDAA2067420
Disclaimer: Listing information is deemed reliable, but not guaranteed.