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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Annapolis at 2708 Summerview Way APT 303, Annapolis, MD, 21401 earns $2,926/mo cash flow from $5,458/mo rent with a $1,933/mo payment. Total monthly income totals $5,458/mo, and annual cash flow totals $35,111/yr on $130,909 capital. ROI tracks 46.73% on current figures, and rental yield reads 16.59% at a $394,900 purchase. Equity gained on principal adds $2,548/yr, and 5% annual appreciation supports $109,104 over five years. Five-year ROI reaches 246.95% and total cumulative return in cash sums $323,279. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,458/mo property income instead of your personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$455 semi-annually HOA
Neighborhood data shown for ZIP Code: 21401, Annapolis, MD area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,760 (100%) |
| Owner Occupied HU | 10,993 (55.6%) |
| Renter Occupied HU | 7,111 (36.0%) |
| Vacant Housing Units | 1,656 ( 8.4%) |
| Median Home Value | $657,978 |
| Average Home Value | $740,220 |
Residential
18,554
Single Family
14,395
Multi-Family
4,159
Businesses
3,390
Date | Event | Price |
|---|---|---|
| 2024-08-30 | Listed for sale | $394,900 |
| 1989-03-28 | Sold | $151,100 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-13 | $3342.30 | 4.21% | $305,233 | 3.93% |
| 2023-09-13 | $3207.20 | 4.50% | $293,700 | N/A |
| 2022-09-13 | $3069.17 | N/A | $293,700 | N/A |
Listed by: Donald Shankle • Coldwell Banker Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDAA2092344
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc. [Click here for more information](/info/mls-disclaimers/#mls_5632)
