1622 Hardwick Ct UNIT 202, Hanover, MD, 21076 | $588/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1622 Hardwick Ct UNIT 202, Hanover, MD, 21076 | $588/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 Hanover at 1622 Hardwick Ct UNIT 202, Hanover, MD, 21076 earns $588/mo cash flow from $2,765/mo rent with a $1,713/mo payment. Total monthly income totals $2,765/mo, and annual cash flow totals $7,061/yr on $115,992 capital. ROI tracks 26% on current figures, and rental yield reads 9.48% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 135.55% and total cumulative return in cash sums $157,230. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,765/mo property income instead of your personal income.

Condo

Built in 2011

N/A lot

$N/A/sqft

No HOA

More details about the property

Elegant colonial-style condominium offering 1,407 square feet, 2 bedrooms, and 2 full baths, located in desirable Stoney Run. This 1-story unit on the 2d level welcomes you with a spacious foyer that leads into the open-concept living and dining rooms, featuring 9ft ceilings, plush carpeting, family room w/gas fireplace; and a versatile office/breakfast aria . Step onto the private balcony to enjoy serene, tree-lined views. The eat-in kitchen is both stylish and functional, boasting countertops, stainless steel appliances, a mosaic backsplash, abundant cabinetry, a pantry, and an in-unit washer and dryer closet. A convenient pass-through window overlooking the main living area makes this space perfect for effortless dining and entertaining. Both bedrooms are generously sized, each with an ensuite bathroom. The owners suite impresses with a walk-in closet and a dual-sink vanity in its private bath. The second bedroom also features direct access to the second full bath, which offers dual entry from the hallway for added convenience. This elevator-accessible home enjoys well-maintained common grounds and a large parking lot with ample spaces. Assigned parking and also plenty of visitor spaces. Walking distance to Arundel Mills attractions, major hwys, Fort Meade, NSA, National Business Park. Centrally located between Baltimore and Washington DC

Neighborhood Data

Neighborhood data shown for ZIP Code: 21076, Hanover, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,788 (100%)
Owner Occupied HU	6,672 (61.8%)
Renter Occupied HU	3,466 (32.1%)
Vacant Housing Units	650 ( 6.0%)
Median Home Value	$519,950
Average Home Value	$540,082