14229 Bowsprit Ln APT 501, Laurel, MD, 20707 | $818/mo Cash Flow

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14229 Bowsprit Ln APT 501, Laurel, MD, 20707 | $818/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 14229 Bowsprit Ln APT 501, Laurel, MD, 20707 earns $818/mo cash flow from $2,432/mo rent with a $1,270/mo payment. Total monthly income totals $2,432/mo, and annual cash flow totals $9,818/yr on $86,024 capital. ROI tracks 31.32% on current figures, and rental yield reads 11.25% at a $259,500 purchase. Equity gained on principal adds $1,675/yr, and 5% annual appreciation supports $71,695 over five years. Five-year ROI reaches 164.12% and total cumulative return in cash sums $141,185. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,432/mo property income instead of your personal income.

Condo

Built in 1989

N/A lot

$N/A/sqft

No HOA

More details about the property

Community is FHA approved. Ground level floor living at The Vistas at Laurel Lakes Condos. The common area of this unit has laminate plank floors for easy cleaning too. The kitchen has all new stainless steel appliances, new HVAC all electric system and efficiency washer/dryer system. Nice carpeting in one master bedroom and other bedroom has hardwood flooring.

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