508 Gloucester CtMiddle RiverMD21220
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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 Middle River at 508 Gloucester Ct, Middle River, MD, 21220 with 5% annual appreciation on a $229,900 basis while $1,581/mo rent supports operations. Total monthly income totals $1,581/mo and a $1,125/mo payment preserves $151/mo for cash returns. Annual cash flow comes to $1,817/yr on $76,212 deployed, and return on cash invested reaches 22.29% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 8.25%. Five-year ROI measures 115.7% and total cumulative return in cash totals $88,175.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,581/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1990
1,746 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21220, Middle River, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,638 (100%) |
| Owner Occupied HU | 11,529 (61.9%) |
| Renter Occupied HU | 5,869 (31.5%) |
| Vacant Housing Units | 1,240 ( 6.7%) |
| Median Home Value | $340,792 |
| Average Home Value | $401,193 |
Housing Distribution
Address Breakdown
Residential
18,191
Single Family
15,961
Multi-Family
2,230
Businesses
865
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Listed by: Tyler Gruzs • Cummings & Co. Realtors
Mls Name: Bright MLS
Mls ID: #MDBC2140402