3615 Melinda CtMonroviaMD21770
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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 Monrovia at 3615 Melinda Ct, Monrovia, MD, 21770 earns from $3,598/mo rent with a $2,932/mo payment. Total monthly income totals $3,598/mo. ROI tracks 19.28% on current figures, and rental yield reads 7.21% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 99.5% and total cumulative return in cash sums $196,090. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,598/mo property income instead of your personal income.
Single Family
Built in 1986
4.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21770, Monrovia, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,971 (100%) |
| Owner Occupied HU | 2,804 (94.4%) |
| Renter Occupied HU | 102 ( 3.4%) |
| Vacant Housing Units | 65 ( 2.2%) |
| Median Home Value | $657,652 |
| Average Home Value | $689,638 |
Housing Distribution
Address Breakdown
Residential
2,955
Single Family
2,955
Multi-Family
0
Businesses
187
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