14002 Korba Pl #4F, Laurel, MD, 20707 | $685/mo Cash Flow

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14002 Korba Pl #4F, Laurel, MD, 20707 | $685/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 Laurel at 14002 Korba Pl #4F, Laurel, MD, 20707 uses $70,275 cash to close to unlock $8,221/yr annual cash flow and $685/mo monthly cash flow. Total monthly income runs $2,004/mo, and a $1,038/mo payment keeps the spread at $685/mo. Purchase price stands at $211,990, and rental yield measures 11.34% with $2,004/mo rent. Return on cash invested shows 31.61% in year one, and 5% annual appreciation builds toward $58,569 over five years. Five-year ROI reaches 165.69% and total cumulative return in cash records $116,440. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,004/mo property income covering a $1,038/mo payment rather than investor’s personal income.

Condo

Built in 1985

N/A lot

$N/A/sqft

No HOA

More details about the property

Luxury Loft Living in the Heart of Laurel, MD! Discover unparalleled style and modern convenience in this meticulously renovated 1-bedroom, 1-bathroom loft, ideally situated in the vibrant Laurel, MD community. This property isn't just a home; it's a lifestyle upgrade, offering sophisticated features and an unbeatable location that will captivate discerning buyers. Key Features & Upgrades: Completely Renovated Loft: Step into a contemporary oasis with soaring 2-story ceilings that create an expansive, airy feel. Gourmet Kitchen: The chef-inspired kitchen boasts high-end Whirlpool appliances, sleek cabinetry, and thoughtful details like under-cabinet and kick lighting, perfect for entertaining or quiet evenings in. Spa-Like Bathroom: Indulge in relaxation with a luxurious soaker tub, providing a private sanctuary after a long day. Modern Comforts: Enjoy the seamless flow of luxury vinyl plank flooring throughout the entire unit, offering both elegance and durability. A convenient in-unit stackable washer and dryer makes laundry a breeze. Smart Home Technology: Experience ultimate comfort and energy efficiency with a Nest thermostat, allowing you to control your climate with ease. Integrated Sound System: Immerse yourself in your favorite music or podcasts with a built-in sound system thoughtfully installed throughout the home. Ample Storage: Benefit from dedicated in-unit storage and a custom-designed bedroom closet system, ensuring a clutter-free living space. Unbeatable Location & Lifestyle: This prime Laurel, MD address offers incredible walkability and connectivity. Imagine your weekends spent: Exploring Nature: Take a leisurely stroll or invigorating run around scenic Laurel Lake, just steps from your door. Urban Convenience: Enjoy direct access to Laurel Town Center, Laurel Medical Center, and a diverse array of restaurants, shops, and essential amenities all within walking distance! Commuter's Dream: Positioned for ultimate accessibility, you'll be minutes from major commuter routes including I-295, I-95, and I-200, making travel throughout the DMV a breeze. Priced to Sell & Won't Last! This move-in ready, renovated condo presents a rare opportunity for first-time homebuyers, savvy investors, or anyone seeking a low-maintenance, smart home in a highly desirable Laurel neighborhood. With its modern upgrades, prime location, and competitive pricing, this loft for sale is a must-see property that is sure to attract significant interest. Don't miss your chance to own a piece of Laurel's finest real estate! Schedule your private tour today! Experience luxury loft living at 14002 Korba Place 4F, Laurel, MD 20707.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20707, Laurel, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,875 (100%)
Owner Occupied HU	8,466 (53.3%)
Renter Occupied HU	6,620 (41.7%)
Vacant Housing Units	789 ( 5.0%)
Median Home Value	$507,151
Average Home Value	$561,046