2530 Kensington Gdns UNIT 403Ellicott CityMD21043
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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
Investment Highlights
Investment property for sale in Ellicott City at 2530 Kensington Gdns UNIT 403, Ellicott City, MD, 21043 uses $162,767 cash to close to unlock $5,921/yr annual cash flow and $493/mo monthly cash flow. Total monthly income runs $3,720/mo, and a $2,403/mo payment keeps the spread at $493/mo. Purchase price stands at $491,000, and rental yield measures 9.09% with $3,720/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $135,654 over five years. Five-year ROI reaches 122.86% and total cumulative return in cash records $199,970. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,720/mo property income covering a $2,403/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$173 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21043, Ellicott City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,755 (100%) |
| Owner Occupied HU | 12,468 (66.5%) |
| Renter Occupied HU | 5,611 (29.9%) |
| Vacant Housing Units | 676 ( 3.6%) |
| Median Home Value | $688,466 |
| Average Home Value | $720,480 |
Housing Distribution
Address Breakdown
Residential
18,864
Single Family
13,418
Multi-Family
5,446
Businesses
767
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Listed by: Tim Krummenoehl • RE/MAX Advantage Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDHW2059172
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