604 Academy AveOwings 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
Investment property for sale in Owings Mills at 604 Academy Ave, Owings Mills, MD, 21117 listed at $545,000 pairs $3,612/mo rent with a $2,668/mo payment to leave $222/mo cash flow. Total monthly income runs $3,612/mo, and annual cash flow reaches $2,663/yr on $179,305 cash to close. Return on cash invested measures 21.55% in year one, and rental yield registers 7.95% at a $545,000 basis. Equity gained on principal adds $3,517/yr, and annual property appreciation at 5% supports $150,573 by year five. Five-year ROI tracks 111.62% and total cumulative return in cash totals $200,136. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,612/mo property income relative to a $2,668/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
7,701 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: Dustin Oldfather • Compass
Mls Name: Bright MLS
Mls ID: #MDBC2144606