605 Newfield RdGlen BurnieMD21061
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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 Glen Burnie at 605 Newfield Rd, Glen Burnie, MD, 21061 generates $3,720/mo in rent and, after a $1,870/mo payment, leaves $1,344/mo in cash flow. Total monthly income is $3,720/mo, and annual cash flow is $16,126/yr on $126,633 invested. Return on cash invested sits at 32.64% in year one, and rental yield is 11.69% on a $382,000 entry. Equity gained on principal adds $2,465/yr, while 5% annual appreciation builds toward $105,540 over five years. Five-year ROI reaches 171.16% and total cumulative return in cash sums $216,749. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,720/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21061, Glen Burnie, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,421 (100%) |
| Owner Occupied HU | 12,136 (51.8%) |
| Renter Occupied HU | 10,196 (43.5%) |
| Vacant Housing Units | 1,089 ( 4.6%) |
| Median Home Value | $369,670 |
| Average Home Value | $442,149 |
Housing Distribution
Address Breakdown
Residential
22,152
Single Family
15,473
Multi-Family
6,679
Businesses
1,803
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Listed by: Linwood Harris • Taylor Properties
Mls Name: Bright MLS
Mls ID: #MDAA2120158