1405 Wigeon Way UNIT 206, Gambrills, MD, 21054 | $800/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1405 Wigeon Way UNIT 206, Gambrills, MD, 21054 | $800/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 Gambrills at 1405 Wigeon Way UNIT 206, Gambrills, MD, 21054 listed at $399,000 pairs $3,282/mo rent with a $1,953/mo payment to leave $800/mo cash flow. Total monthly income runs $3,282/mo, and annual cash flow reaches $9,604/yr on $132,269 cash to close. Return on cash invested measures 27.17% in year one, and rental yield registers 9.87% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 141.84% and total cumulative return in cash totals $187,610. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,282/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2013

N/A lot

$N/A/sqft

No HOA

More details about the property

Fully updated condo available in Carrolls Creek, one of Anne Arundel counties premier 55 and up communities. Extra large kitchen with tiled floors, recessed lighting, new LED cabinet lighting, custom wood cabinets, a cozy coffe bar, and pantry. Combination Family/Dining room with a walk-out to the balcony overlooking the entire neighborhood! Oversized primary bedroom with an office nook, a walk-in closet, an additional closet, and an en-suite luxury spa with tiled floors, a dual sink vanity, a soaking tub, recently added safety bars, and shower stall with tiled walls. Nice sized spare bedrom with a large closet and access to a modern hallway bathroom with tiled floors, and a tub/shower with tiled walls. A fresh coat of paint was just thrown on throughout! New carpeting throughout!! Plenty of parking available with an attached 1 car garage, a 1 car driveway, and an additional assigned parking spot. Visitor parking is available as well!!The community is loaded with amenities including a gym, pool, party room, walking trails and more!! Waugh Chapel Town Center is close by with shops, restauraunts, and retailers!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21054, Gambrills, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,974 (100%)
Owner Occupied HU	4,537 (75.9%)
Renter Occupied HU	1,088 (18.2%)
Vacant Housing Units	349 ( 5.8%)
Median Home Value	$625,326
Average Home Value	$666,194