8819 Howard Forest Ln #8819PikesvilleMD21208
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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 8819 Howard Forest Ln #8819, Pikesville, MD, 21208 uses $142,214 cash to close to unlock $11,467/yr annual cash flow and $956/mo monthly cash flow. Total monthly income runs $3,624/mo, and a $2,100/mo payment keeps the spread at $956/mo. Purchase price stands at $429,000, and rental yield measures 10.14% with $3,624/mo rent. Return on cash invested shows 27.97% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 146.13% and total cumulative return in cash records $207,817. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,624/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Townhouse
Built in 1997
N/A 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: Alex Fox • Allfirst Realty, Inc.
Mls Name: Bright MLS
Mls ID: #MDBC2131986