ZIP CODE 21122 // BALTIMORE-COLUMBIA-TOWSON, MD // DATA AS OF 2026-09-30
Pasadena, MD (21122) Rental Property Cap Rate & Cash Flow Report
Located in Anne Arundel County (Pasadena, MD), Zip Code 21122 ranks #100 of 500 within this selected sample (80th percentile) with a Zillow ZHVI typical home-value index of $450,783 (+0.2% YoY) and a ZORI observed market rent of $2,538/mo (+5.4% YoY). Requires at least 41.9% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$624/mo
Annual: -$7,483/yr
Modeled Cap Rate
4.41%
NOI: $19,870/yr
Cash-on-Cash Return
-7.22%
Cash Needed: $103,680
1% Rule Ratio
0.56%
Gross Yield: 6.76%
Break-Even Rent
$3,255/mo
State Tax: 0.97%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 21122 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (MD Avg 0.97%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,279/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$882/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (21122)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $401,060 | $1,999/mo | 5.98% |
| 2022 | $421,147 | $2,139/mo | 6.09% |
| 2023 | $431,740 | $2,220/mo | 6.17% |
| 2024 | $441,803 | $2,354/mo | 6.39% |
| 2025 | $449,757 | $2,409/mo | 6.43% |
| 2026 | $450,783 | $2,538/mo | 6.76% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 21234 Parkville, MD | $300,360 | $1,621/mo | 4.16% | -$476/mo |
| 21117 Owings Mills, MD | $384,367 | $1,877/mo | 3.63% | -$781/mo |
| 20874 Germantown, MD | $408,788 | $1,994/mo | 3.62% | -$833/mo |
| 21740 Hagerstown, MD | $288,533 | $1,328/mo | 3.33% | -$657/mo |
| 20906 Silver Spring, MD | $436,799 | $1,979/mo | 3.26% | -$1,022/mo |
| 20878 Gaithersburg, MD | $680,693 | $2,384/mo | 2.19% | -$2,202/mo |