8 Ritters Ridge Ct #8, Owings Mills, MD, 21117 | $263/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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8 Ritters Ridge Ct #8, Owings Mills, MD, 21117 | $263/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Owings Mills at 8 Ritters Ridge Ct #8, Owings Mills, MD, 21117 listed at $180,000 pairs $1,382/mo rent with a $881/mo payment to leave $263/mo cash flow. Total monthly income runs $1,382/mo, and annual cash flow reaches $3,150/yr on $59,670 cash to close. Return on cash invested measures 25.19% in year one, and rental yield registers 9.21% at a $180,000 basis. Equity gained on principal adds $1,162/yr, and annual property appreciation at 5% supports $49,731 by year five. Five-year ROI tracks 131.21% and total cumulative return in cash totals $78,293. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,382/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 1980

9,360 sqft lot

$N/A/sqft

No HOA

More details about the property

Townhome in Owings Mills 8 Ritters Ridge CT 2-story townhome located in the Garrison Ridge community of Owings Mills. Built in 1980, this home offers 1,536 sq. ft. of living space. Key Features: Interior: 2 Bdr 2 full bathrooms and 1 half baths, providing convenience for family and guests. Finished Basement: Additional living space. Fireplace: Brick Fireplace Equipped with a heat pump system for efficient heating and cooling. Lot Size: Approximately 9,360 sq. ft., offering privacy and room to enjoy. Conventional or HUD 203K Financing, Property needs work. Priced to sell. Community & Location: Situated in a neighborhood with easy access to major routes, shopping, and dining. Nearby schools include Owings Mills Elementary, Deer Park Middle Magnet, and Owings Mills High School. Minutes from Metro Station, Foundry Row, and I-795, making commuting a breeze.

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