60 S Ritters LnOwings MillsMD21117
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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 Owings Mills at 60 S Ritters Ln, Owings Mills, MD, 21117 priced at $340,000 converts $3,270/mo rent into $1,156/mo cash flow after a $1,664/mo obligation. Total monthly income equals $3,270/mo, and annual cash flow totals $13,866/yr on $112,710 invested. Return on cash invested prints 32.21% in year one, and rental yield reads 11.54% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 168.86% and total cumulative return in cash sums $190,326. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,270/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1955
10,025 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21117, Owings Mills, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,037 (100%) |
| Owner Occupied HU | 12,762 (49.0%) |
| Renter Occupied HU | 11,499 (44.2%) |
| Vacant Housing Units | 1,776 ( 6.8%) |
| Median Home Value | $420,475 |
| Average Home Value | $492,199 |
Housing Distribution
Address Breakdown
Residential
25,785
Single Family
15,012
Multi-Family
10,773
Businesses
1,909
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Listed by: Kieronne Hawkins • Berkshire Hathaway HomeServices Homesale Realty
Mls Name: Bright MLS
Mls ID: #MDBC2140972