6625 Melrose AveElkridgeMD21075
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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 Elkridge at 6625 Melrose Ave, Elkridge, MD, 21075 offers a 8.59% rental yield on a $479,990 purchase with $3,436/mo rent. Total monthly income registers $3,436/mo, and a $2,349/mo payment leaves $451/mo available for distribution. Annual cash flow reaches $5,412/yr on $159,117 to close, and return on cash invested stands at 23.31% in year one. Equity gained on principal adds $3,097/yr while 5% annual appreciation supports $132,612 over five years. Portfolio math shows five-year ROI at 121.15% and total cumulative return in cash at $192,769. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,436/mo property income against a $2,349/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21075, Elkridge, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,735 (100%) |
| Owner Occupied HU | 8,811 (64.1%) |
| Renter Occupied HU | 4,584 (33.4%) |
| Vacant Housing Units | 340 ( 2.5%) |
| Median Home Value | $514,340 |
| Average Home Value | $560,891 |
Housing Distribution
Address Breakdown
Residential
13,951
Single Family
10,041
Multi-Family
3,910
Businesses
1,062
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