15614 Everglade Ln APT 104, Bowie, MD, 20716 | $135/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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15614 Everglade Ln APT 104, Bowie, MD, 20716 | $135/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 Bowie at 15614 Everglade Ln APT 104, Bowie, MD, 20716 earns $135/mo cash flow from $1,534/mo rent with a $1,101/mo payment. Total monthly income totals $1,534/mo, and annual cash flow totals $1,619/yr on $74,587 capital. ROI tracks 22.08% on current figures, and rental yield reads 8.18% at a $224,999 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 114.51% and total cumulative return in cash sums $85,413. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,534/mo property income instead of your personal income.

Condo

Built in 2004

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautiful 1 bed/1.5bath, ground level condo in Bowie, just behind the Bowie Town Center. Condo has been well maintained and features a washer and dryer, dishwasher and microwave. Ideally located within walking distance to restaurants, shops, and the Bowie Town Center mall, this first-floor unit offers comfort, convenience, and community living at its best. This 1bedroom, 2bath unit offers 708 sq ft of beautifully updated living space. Enjoy fresh paint and new flooring throughout, a brandnew water heater (2022), plus gas heating for efficiency and comfort. The condo fee includes water and sewer, and youll have full access to the community pool Step outside and youll find walking paths and a lake just behind the building, offering serene views and peaceful strolls. With its FHA approval, this home is ideal for firsttime buyers or those seeking a lowmaintenance lifestyle. Located just a short walk to Bowie Town Center with shopping, dining, and transit nearby, you get the perfect blend of convenience and community. Dont miss this one move in ready, great value, ideal location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20716, Bowie, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,953 (100%)
Owner Occupied HU	6,593 (66.2%)
Renter Occupied HU	2,882 (29.0%)
Vacant Housing Units	478 ( 4.8%)
Median Home Value	$454,615
Average Home Value	$488,465