ZIP CODE 21117 // BALTIMORE-COLUMBIA-TOWSON, MD // DATA AS OF 2026-09-30
Owings Mills, MD (21117) Rental Property Cap Rate & Cash Flow Report
Located in Baltimore County (Owings Mills, MD), Zip Code 21117 ranks #180 of 500 nationally (64th percentile) with a Zillow ZHVI typical acquisition price of $384,367 (0.0% YoY) and a ZORI observed market rent of $1,877/mo (+2.3% YoY). Requires at least 52.1% down payment at 6.5% interest to reach $0/mo break-even cash flow.
Net Monthly Cash Flow
-$781/mo
Annual: -$9,373/yr
Net Cap Rate
3.63%
NOI: $13,950/yr
Cash-on-Cash Return
-10.60%
Cash Needed: $88,404
1% Rule Ratio
0.49%
Gross Yield: 5.86%
Break-Even Rent
$2,775/mo
State Tax: 0.97%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 21117 BENCHMARK)
Edit any value
Purchase Price (ZHVI Median)
Monthly Gross Rent (ZORI Median)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (MD Avg 0.97%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,944/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$715/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (21117)
| Year | Median Price | Median Rent | Gross Yield |
|---|---|---|---|
| 2021 | $332,765 | $1,736/mo | 6.26% |
| 2022 | $362,351 | $1,783/mo | 5.91% |
| 2023 | $369,942 | $1,764/mo | 5.72% |
| 2024 | $378,848 | $1,807/mo | 5.72% |
| 2025 | $384,209 | $1,835/mo | 5.73% |
| 2026 | $384,367 | $1,877/mo | 5.86% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 20874 Germantown, MD | $408,788 | $1,994/mo | 3.62% | -$833/mo |
| 21740 Hagerstown, MD | $288,533 | $1,328/mo | 3.34% | -$657/mo |
| 20906 Silver Spring, MD | $436,799 | $1,979/mo | 3.26% | -$1,022/mo |
| 21234 Parkville, MD | $300,360 | $1,621/mo | 4.17% | -$476/mo |
| 21122 Pasadena, MD | $450,783 | $2,538/mo | 4.41% | -$624/mo |
| 20878 Gaithersburg, MD | $680,693 | $2,384/mo | 2.19% | -$2,202/mo |