603 Harrington StMiddle 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
Rental property for sale in Middle River at 603 Harrington St, Middle River, MD, 21220 generates $2,640/mo in rent, after a $3,712/mo payment. Total monthly income is $2,640/mo. Return on cash invested sits at 10.07% in year one, and rental yield is 4.18% on a $758,490 entry. Equity gained on principal adds $4,894/yr, while 5% annual appreciation builds toward $209,557 over five years. Five-year ROI reaches 50.09% and total cumulative return in cash sums $124,987. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
4,008 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: Kelly Schuit • Kelly and Co Realty, LLC
Mls Name: Bright MLS
Mls ID: #MDBC2134640