2804 Captains Cove Ct, Edgewood, MD, 21040 | $1,160/mo Cash Flow

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2804 Captains Cove Ct, Edgewood, MD, 21040 | $1,160/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 Edgewood at 2804 Captains Cove Ct, Edgewood, MD, 21040 offers a 11.08% rental yield on a $385,000 purchase with $3,554/mo rent. Total monthly income registers $3,554/mo, and a $1,884/mo payment leaves $1,160/mo available for distribution. Annual cash flow reaches $13,918/yr on $127,628 to close, and return on cash invested stands at 30.81% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 161.34% and total cumulative return in cash at $205,918. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,554/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2003

6,490 sqft lot

$N/A/sqft

No HOA

More details about the property

Youve found the one! This beautiful home offers everything you needwith plenty of space for everyone. The main level features a spacious great room with a cozy fireplace, perfect for entertaining, and an eat-in kitchen with sliding doors that open to a large 11x18 deck for outdoor enjoyment. A convenient first-floor laundry room connects directly to the one-car garage. Upstairs, youll find three bedrooms and two full baths, with two bedrooms featuring custom closet organization systems. The fully finished basement adds even more living space, including two additional rooms (ideal for bedrooms or dens), another full bath, a generous family room, and two storage areas. Hot Water Heater Installed 2022 (new pipes added in 2024) New basement LVT floor installed, new steps leading to the second floor, and basement also freshly painted. Dont waitthis home has it all and wont last long!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21040, Edgewood, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,787 (100%)
Owner Occupied HU	5,936 (60.7%)
Renter Occupied HU	3,226 (33.0%)
Vacant Housing Units	625 ( 6.4%)
Median Home Value	$267,793
Average Home Value	$304,569