4700 Water Park Dr UNIT KBelcampMD21017
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 4700 Water Park Dr UNIT K, Belcamp, MD, 21017 in Belcamp. Rental yield 5.77%. At $449,900 with 5.77% gross yield, current distributions are modest, but the 5% appreciation rate projects $124,299 in new equity by year five, complemented by $4,144/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.07) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $129,723.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 5.0% |
| Monthly Cash Flow | $(636) | $300 |
City averages based on Belcamp market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,162 |
| Total Monthly Debt Service | $2,619 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21017, Belcamp, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,837 (100%) |
| Owner Occupied HU | 1,868 (65.8%) |
| Renter Occupied HU | 847 (29.9%) |
| Vacant Housing Units | 122 ( 4.3%) |
| Median Home Value | $340,898 |
| Average Home Value | $368,709 |
Housing Distribution
Address Breakdown
Residential
2,768
Single Family
2,378
Multi-Family
390
Businesses
193
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21017, Belcamp, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,837 (100%) |
| Owner Occupied HU | 1,868 (65.8%) |
| Renter Occupied HU | 847 (29.9%) |
| Vacant Housing Units | 122 ( 4.3%) |
| Median Home Value | $340,898 |
| Average Home Value | $368,709 |
Housing Distribution
Address Breakdown
Residential
2,768
Single Family
2,378
Multi-Family
390
Businesses
193
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices