2610 Chapel Lake Dr APT 408GambrillsMD21054
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 2610 Chapel Lake Dr APT 408, Gambrills, MD, 21054 in Gambrills, $399,000, 8.94% gross yield, $33/mo net income. Consider it a market-entry position, the $2,972/mo rent covers the $1,794/mo payment with a margin, and 5%/yr appreciation is projected to add $110,236 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.66) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $182,945.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.0% |
| Monthly Cash Flow | $33 | $250 |
City averages based on Gambrills market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,972 |
| Total Monthly Debt Service | $2,323 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,325
Single Family
4,376
Multi-Family
949
Businesses
543
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,325
Single Family
4,376
Multi-Family
949
Businesses
543
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices