408 Garnett RdJoppaMD21085
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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
Rental property for sale in Joppa at 408 Garnett Rd, Joppa, MD, 21085 priced at $469,786 pairs $2,880/mo rent with after a $2,299/mo payment. Total monthly income equals $2,880/mo. Return on cash invested is 19.59% in year one, and rental yield stands at 7.36% on a $469,786 basis. Equity gained on principal adds $3,031/yr, and 5% annual appreciation accumulates to $129,793 by year five. Five-year ROI measures 101.17% and total cumulative return in cash reaches $157,562. For financing, Ziffy Mortgage’s DSCR program evaluates $2,880/mo property income against a $2,299/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21085, Joppa, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,293 (100%) |
| Owner Occupied HU | 5,716 (78.4%) |
| Renter Occupied HU | 1,258 (17.2%) |
| Vacant Housing Units | 319 ( 4.4%) |
| Median Home Value | $379,594 |
| Average Home Value | $447,700 |
Housing Distribution
Address Breakdown
Residential
7,103
Single Family
6,721
Multi-Family
382
Businesses
324
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