1113 Castle Harbour Way UNIT 1B, Glen Burnie, MD, 21060 | $209/mo Cash Flow

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1113 Castle Harbour Way UNIT 1B, Glen Burnie, MD, 21060 | $209/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Glen Burnie at 1113 Castle Harbour Way UNIT 1B, Glen Burnie, MD, 21060 uses $72,930 cash to close to unlock $2,502/yr annual cash flow and $209/mo monthly cash flow. Total monthly income runs $1,577/mo, and a $1,077/mo payment keeps the spread at $209/mo. Purchase price stands at $220,000, and rental yield measures 8.6% with $1,577/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 121.3% and total cumulative return in cash records $88,463. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,577/mo property income covering a $1,077/mo payment rather than investor’s personal income.

Condo

Built in 1984

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautifully Maintained 2 Bed, 2 Bath Condo with Elegant Finishes Step into this impeccably maintained condo offering both style and comfort. Featuring luxury engineered hardwood and laminate plank flooring throughout, this home exudes warmth and sophistication. The inviting living room boasts a cozy fireplace, built-in elegant shelving, and a private walk-out entranceperfect for both relaxing and entertaining. Abundant natural light fills the space, enhancing its open and airy feel. The kitchen showcases glass-paneled cabinetry with interior lighting, adding a touch of modern appeal and practicality. Both bedrooms are generously sized, offering plenty of space for rest or work-from-home setups. This condo offers a perfect blend of charm, functionality, and timeless appealideal for anyone seeking a move-in ready home in a desirable setting. Updates: Alarm system 2022 Microwave 2022 Dishwasher 2023 Flooring 2014 Master bath refresh 2021 Hall bathroom refresh 2025 HVAC 2021