514 Halite DrReisterstownMD21136
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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 Reisterstown at 514 Halite Dr, Reisterstown, MD, 21136 priced at $499,000 pairs $3,523/mo rent with $420/mo cash flow after a $2,442/mo payment. Total monthly income equals $3,523/mo, and annual cash flow comes to $5,038/yr on $165,419 invested. Return on cash invested is 22.95% in year one, and rental yield stands at 8.47% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 119.21% and total cumulative return in cash reaches $197,190. For financing, Ziffy Mortgage’s DSCR program evaluates $3,523/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2016
1,960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21136, Reisterstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,998 (100%) |
| Owner Occupied HU | 9,995 (71.4%) |
| Renter Occupied HU | 3,338 (23.8%) |
| Vacant Housing Units | 665 ( 4.8%) |
| Median Home Value | $462,618 |
| Average Home Value | $529,704 |
Housing Distribution
Address Breakdown
Residential
13,666
Single Family
11,277
Multi-Family
2,389
Businesses
695
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Listed by: sapana patel • Cummings & Co. Realtors
Mls Name: Bright MLS
Mls ID: #MDBC2147336