2607 Chapel Lake Dr APT 102, Gambrills, MD, 21054 | $889/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2607 Chapel Lake Dr APT 102, Gambrills, MD, 21054 | $889/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 Gambrills at 2607 Chapel Lake Dr APT 102, Gambrills, MD, 21054 listed at $330,000 pairs $2,941/mo rent with a $1,615/mo payment to leave $889/mo cash flow. Total monthly income runs $2,941/mo, and annual cash flow reaches $10,665/yr on $109,395 cash to close. Return on cash invested measures 29.66% in year one, and rental yield registers 10.69% at a $330,000 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,173 by year five. Five-year ROI tracks 155.16% and total cumulative return in cash totals $169,739. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,941/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2002

N/A lot

$N/A/sqft

No HOA

More details about the property

Fabulous 2 BR, 2 FB ground-level unit in the sought-after Waugh Chapel active adult community! This move-in ready home features a spacious, open floor plan with a gas fireplace, updated kitchen with stainless steel appliances and granite counters, and new luxury vinyl plank flooring. The primary suite includes a walk-in closet and ensuite bath. Enjoy the private patio, in-unit washer/dryer, and fresh paint throughout. One assigned garage space (#10) and separate storage unit (#18) included. Community amenities include secure building access, walking paths around the pond, and easy access to the Waugh Chapel shopping center with grocery stores, restaurants, and more. Pets allowed with restrictions. A true gem!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21054, Gambrills, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,974 (100%)
Owner Occupied HU	4,537 (75.9%)
Renter Occupied HU	1,088 (18.2%)
Vacant Housing Units	349 ( 5.8%)
Median Home Value	$625,326
Average Home Value	$666,194