5903 Tamar Dr UNIT 6-S18ColumbiaMD21045
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 5903 Tamar Dr UNIT 6-S18, Columbia, MD, 21045 in Columbia deserves attention. This $192,100 property earns $2,234/mo in rent, a 13.96% gross yield, and nets $1,040/mo after the $864/mo payment. DSCR 2.59 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $53,074 compounds alongside $1,769/yr in yearly equity build, for a total cumulative return of $139,761.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14% | 5.1% |
| Monthly Cash Flow | $1,040 | $1,850 |
City averages based on Columbia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,234 |
| Total Monthly Debt Service | $1,118 |
| DSCR Ratio | 2.00x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1982
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21045, Columbia, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,435 (100%) |
| Owner Occupied HU | 10,201 (66.1%) |
| Renter Occupied HU | 4,829 (31.3%) |
| Vacant Housing Units | 405 ( 2.6%) |
| Median Home Value | $491,719 |
| Average Home Value | $519,908 |
Housing Distribution
Address Breakdown
Residential
15,220
Single Family
12,375
Multi-Family
2,845
Businesses
1,739
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 1982
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21045, Columbia, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,435 (100%) |
| Owner Occupied HU | 10,201 (66.1%) |
| Renter Occupied HU | 4,829 (31.3%) |
| Vacant Housing Units | 405 ( 2.6%) |
| Median Home Value | $491,719 |
| Average Home Value | $519,908 |
Housing Distribution
Address Breakdown
Residential
15,220
Single Family
12,375
Multi-Family
2,845
Businesses
1,739
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices