508 Dorchester RdCatonsvilleMD21228
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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 Catonsville at 508 Dorchester Rd, Catonsville, MD, 21228 offers $2,826/mo rent that, after a $1,835/mo payment, leaves $494/mo cash flow. Total monthly income is $2,826/mo, and annual cash flow is $5,929/yr on $124,313 cash. Return on cash invested measures 24.68% in year one, and rental yield stands at 9.04% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 128.48% and total cumulative return in cash reaches $159,723. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,826/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
8,886 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21228, Catonsville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,477 (100%) |
| Owner Occupied HU | 13,999 (68.4%) |
| Renter Occupied HU | 5,559 (27.1%) |
| Vacant Housing Units | 919 ( 4.5%) |
| Median Home Value | $429,715 |
| Average Home Value | $478,068 |
Housing Distribution
Address Breakdown
Residential
19,769
Single Family
15,449
Multi-Family
4,320
Businesses
1,398
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Listed by: Sally Fricke • RE/MAX Solutions
Mls Name: Bright MLS
Mls ID: #MDBC2136526