610 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
Rental property for sale in Owings Mills at 610 Academy Ave, Owings Mills, MD, 21117 offers $3,984/mo rent that, after a $2,589/mo payment, leaves $694/mo cash flow. Total monthly income is $3,984/mo, and annual cash flow is $8,329/yr on $174,041 cash. Return on cash invested measures 24.85% in year one, and rental yield stands at 9.04% at a $529,000 entry. Equity gained on principal adds $3,414/yr while 5% annual appreciation compounds into $146,153 by year five. Five-year ROI records 129.34% and total cumulative return in cash reaches $225,113. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,984/mo property income versus a $2,589/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
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: Paul Butterfield • RE/MAX Realty Services
Mls Name: Bright MLS
Mls ID: #MDBC2141786