602 Moonglow Rd APT 302OdentonMD21113
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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 Odenton at 602 Moonglow Rd APT 302, Odenton, MD, 21113 uses $94,478 cash to close to unlock $9,232/yr annual cash flow and $769/mo monthly cash flow. Total monthly income runs $2,542/mo, and a $1,395/mo payment keeps the spread at $769/mo. Purchase price stands at $285,000, and rental yield measures 10.7% with $2,542/mo rent. Return on cash invested shows 29.68% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 155.31% and total cumulative return in cash records $146,730. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,542/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21113, Odenton, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,963 (100%) |
| Owner Occupied HU | 10,718 (63.2%) |
| Renter Occupied HU | 5,467 (32.2%) |
| Vacant Housing Units | 778 ( 4.6%) |
| Median Home Value | $460,176 |
| Average Home Value | $526,541 |
Housing Distribution
Address Breakdown
Residential
16,401
Single Family
12,427
Multi-Family
3,974
Businesses
564
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