1406 Wigeon Way UNIT 205GambrillsMD21054
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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
Investment Highlights
Investment property for sale in Gambrills at 1406 Wigeon Way UNIT 205, Gambrills, MD, 21054 offers a 11.05% rental yield on a $370,000 purchase with $3,406/mo rent. Total monthly income registers $3,406/mo, and a $1,811/mo payment leaves $1,105/mo available for distribution. Annual cash flow reaches $13,257/yr on $122,655 to close, and return on cash invested stands at 30.72% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 160.84% and total cumulative return in cash at $197,273. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,406/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2013
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,325
Single Family
4,376
Multi-Family
949
Businesses
543
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