Condo Investment Properties for Sale in Elkridge, MD
Listed for sale 4 days ago
$ 250,000
ROI
26.6
Cash Flow/m
474- 2 Bed
- 1 Bath
- 830 sft
6330 Bayberry Ct Unit 810, Elkridge, MD, 21075
$ 425,000
ROI
20.1Cash Flow/m
35- 2 Bed
- 2 Bath
- 1500 sft
7305 Maplecrest Rd Unit 304, Elkridge, MD, 21075
$ 260,000
ROI
27.3Cash Flow/m
544- 2 Bed
- 2 Bath
- 979 sft
6320 Bayberry Ct Unit 903, Elkridge, MD, 21075
$ 310,000
ROI
26.1Cash Flow/m
551- 2 Bed
- 2 Bath
- 1332 sft
7915 Briarglen Dr Unit G, Elkridge, MD, 21075
Why Invest in Elkridge, Maryland?
Investing in condos in Elkridge, MD offers a strategic opportunity in a growing suburban market close to Baltimore and Washington, D.C. This area features an average ROI of 7.5%, supported by a solid rental yield of 5.3% and a cap rate around 6.2%. Condo investments typically yield an average monthly cash flow near $450, with rents averaging $1,350 per unit. Appreciation rates hover around 3.8% annually, attracting renter occupancy rates of about 55%, making it an appealing choice for steady income seekers.
7.5%
Avg. ROI
5.3%
Rental Yield
6.2%
Cap Rate
$450/mo
Avg. Cash Flow
$1350/mo
Avg. Rent
3.8%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Elkridge is approximately 5.3%, reflecting a healthy income potential for investors.
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