1624 Hardwick Ct UNIT 402, Hanover, MD, 21076 | $587/mo Cash Flow

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1624 Hardwick Ct UNIT 402, Hanover, MD, 21076 | $587/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 1624 Hardwick Ct UNIT 402, Hanover, MD, 21076 offers a 9.48% rental yield on a $349,900 purchase with $2,764/mo rent. Total monthly income registers $2,764/mo, and a $1,713/mo payment leaves $587/mo available for distribution. Annual cash flow reaches $7,049/yr on $115,992 to close, and return on cash invested stands at 25.99% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 135.49% and total cumulative return in cash at $157,158. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,764/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2011

N/A lot

$N/A/sqft

No HOA

More details about the property

2- ASSIGNED PARKING Welcome to this bright and inviting 2-bedroom, 2-bath condo, offering comfortable living in a secure building. The spacious living room features large windows that fill the home with natural light, while the separate dining area is perfect for everyday meals or entertaining. The modern kitchen is equipped with granite countertops and stainless steel appliances, making cooking a joy. Enjoy the airy feel of vaulted ceilings throughout the main living space. Conveniently located near Fort Meade, NSA, major commuter routes, shops, and restaurants. One assigned parking space included.

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