8806 Howard Forest Ln #8806PikesvilleMD21208
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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 Pikesville at 8806 Howard Forest Ln #8806, Pikesville, MD, 21208 listed at $440,000 pairs $3,275/mo rent with a $2,154/mo payment to leave $538/mo cash flow. Total monthly income runs $3,275/mo, and annual cash flow reaches $6,456/yr on $145,860 cash to close. Return on cash invested measures 24.34% in year one, and rental yield registers 8.93% at a $440,000 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,564 by year five. Five-year ROI tracks 126.61% and total cumulative return in cash totals $184,666. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,275/mo property income relative to a $2,154/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2000
2,270 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21208, Pikesville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,586 (100%) |
| Owner Occupied HU | 9,913 (63.6%) |
| Renter Occupied HU | 4,583 (29.4%) |
| Vacant Housing Units | 1,090 ( 7.0%) |
| Median Home Value | $386,745 |
| Average Home Value | $493,443 |
Housing Distribution
Address Breakdown
Residential
15,324
Single Family
10,265
Multi-Family
5,059
Businesses
1,118
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Listed by: Sam Bruck • Northrop Realty
Mls Name: Bright MLS
Mls ID: #MDBC2150754