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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Bel Air at 1604 Martha Ct UNIT 404, Bel Air, MD, 21015 uses $92,820 cash to close to unlock $8,596/yr annual cash flow and $716/mo monthly cash flow. Total monthly income runs $2,534/mo, and a $1,370/mo payment keeps the spread at $716/mo. Purchase price stands at $280,000, and rental yield measures 10.86% with $2,534/mo rent. Return on cash invested shows 29.17% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 152.92% and total cumulative return in cash records $141,945. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,534/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$230 quarterly HOA
Neighborhood data shown for ZIP Code: 21015, Bel Air, MD area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,883 (100%) |
| Owner Occupied HU | 9,833 (82.7%) |
| Renter Occupied HU | 1,560 (13.1%) |
| Vacant Housing Units | 490 ( 4.1%) |
| Median Home Value | $508,572 |
| Average Home Value | $561,437 |
Residential
11,837
Single Family
10,424
Multi-Family
1,413
Businesses
484
Date | Event | Price |
|---|---|---|
| 2025-05-24 | Listed for sale | $280,000 |
| 2023-02-09 | Sold | $272,000 |
| 2022-12-26 | Pending sale | $270,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-27 | $2241.56 | 4.75% | $205,667 | 4.75% |
| 2023-05-27 | $2139.83 | 4.99% | $196,333 | 4.99% |
| 2022-05-27 | $2038.11 | -3.10% | $187,000 | 1.26% |
Listed by: Cara Slagle • Coldwell Banker Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDHR2042472
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc. [Click here for more information](/mls-disclaimers/#5632)
