970 Redgate CtPasadenaMD21122
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Pasadena rentals match the income profile of 970 Redgate Ct, Pasadena, MD, 21122. Listed at $464,900, gross rent is $4,493/mo and net cash flow is $1,591/mo, a 11.6% yield well above national averages. DSCR 2.15 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $128,443 by year five with $4,282/yr in annual principal reduction, projecting $278,817 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 5.8% |
| Monthly Cash Flow | $1,591 | $850 |
City averages based on Pasadena market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,493 |
| Total Monthly Debt Service | $2,717 |
| DSCR Ratio | 1.65x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1989
6,120 sqft lot
$N/A/sqft
$127 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21122, Pasadena, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,123 (100%) |
| Owner Occupied HU | 19,548 (81.0%) |
| Renter Occupied HU | 3,588 (14.9%) |
| Vacant Housing Units | 987 ( 4.1%) |
| Median Home Value | $478,120 |
| Average Home Value | $570,120 |
Housing Distribution
Address Breakdown
Residential
23,864
Single Family
22,920
Multi-Family
944
Businesses
864
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1989
6,120 sqft lot
$N/A/sqft
$127 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21122, Pasadena, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,123 (100%) |
| Owner Occupied HU | 19,548 (81.0%) |
| Renter Occupied HU | 3,588 (14.9%) |
| Vacant Housing Units | 987 ( 4.1%) |
| Median Home Value | $478,120 |
| Average Home Value | $570,120 |
Housing Distribution
Address Breakdown
Residential
23,864
Single Family
22,920
Multi-Family
944
Businesses
864
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices