814 Horseshoe LnTaneytownMD21787
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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 Taneytown at 814 Horseshoe Ln, Taneytown, MD, 21787 priced at $375,000 converts $1,270/mo rent into after a $1,835/mo obligation. Total monthly income equals $1,270/mo. Return on cash invested prints 9.66% in year one, and rental yield reads 4.06% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 47.93% and total cumulative return in cash sums $59,583. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,270/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21787, Taneytown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,813 (100%) |
| Owner Occupied HU | 3,820 (79.4%) |
| Renter Occupied HU | 761 (15.8%) |
| Vacant Housing Units | 232 ( 4.8%) |
| Median Home Value | $367,543 |
| Average Home Value | $413,278 |
Housing Distribution
Address Breakdown
Residential
4,790
Single Family
4,742
Multi-Family
48
Businesses
225
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