2421 Steamboat Way, Bel Air, MD, 21015 | $687/mo Cash Flow

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2421 Steamboat Way, Bel Air, MD, 21015 | $687/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 Bel Air at 2421 Steamboat Way, Bel Air, MD, 21015 offers a 9.11% rental yield on a $499,900 purchase with $3,796/mo rent. Total monthly income registers $3,796/mo, and a $2,447/mo payment leaves $687/mo available for distribution. Annual cash flow reaches $8,240/yr on $165,717 to close, and return on cash invested stands at 24.88% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,113 over five years. Portfolio math shows five-year ROI at 129.55% and total cumulative return in cash at $214,680. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,796/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 2023

3,484 sqft lot

$N/A/sqft

No HOA

More details about the property

Newly Built in 2023, this rare End of Group in James Run has it all! Step inside to an open concept main level with 9 ft ceilings, luxury plank flooring, a chef's kitchen with a spacious 7 foot island, gas cooking, and sparkling quartz countertops! A custom trex deck is attached to the main living area, providing serene views of nature and a private pond. This stunning model features a main level Primary Suite- with Tray Ceilings, double walk in closets, and a spa like Primary EnSuite- with dual shower heads, tiled bench seat, dual vanity, and ceramic tiled flooring. Complete with a main level laundry, this home offers one level living for its owners. Upstairs, a second bedroom with its own walk in closet, and a third bedroom share the additional full bath. A bonus 4th room easily converts to a gaming room, office or workout space. The walk out lower level, with its natural light and bathroom rough in is ready for your vision! With its 2 car attached garage, and private driveway, this home offers both luxury and convenience. The HOA amenities include a fitness center, dog park, Pickleball Courts, lawn care, and trash service. Within walking distance of a new Starbucks, grab yourself your favorite cold brew and get excited for this one! Professional Photos Aug 4th- and Active Aug 8th. You are now able to have your agent pre book showings for the weekend of Aug 8th.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21015, Bel Air, MD area.

Housing Distribution

Housing Statistics

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