3044 Hickorymede Ct, Ellicott City, MD, 21042 | $370/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3044 Hickorymede Ct, Ellicott City, MD, 21042 | $370/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 Ellicott City at 3044 Hickorymede Ct, Ellicott City, MD, 21042 uses $230,300 cash to close to unlock $4,434/yr annual cash flow and $370/mo monthly cash flow. Total monthly income runs $4,723/mo, and a $3,426/mo payment keeps the spread at $370/mo. Purchase price stands at $700,000, and rental yield measures 8.1% with $4,723/mo rent. Return on cash invested shows 21.99% in year one, and 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 113.98% and total cumulative return in cash records $262,504. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,723/mo property income covering a $3,426/mo payment rather than investor’s personal income.

Single Family

Built in 1970

0.53 Acres lot

$N/A/sqft

No HOA

More details about the property

Set on a spacious half-acre lot in Ellicott City's sought after Valley Mede community, this lovingly maintained home offers over 2500 sq. ft. of comfort and space, and recent updates including a 4-year-old roof, updated appliances, and ductwork. A covered front porch welcomes you and inside, you'll find beautiful hardwood floors on the main and upper levels, a formal living and dining room with accent moldings, and a large eat-in kitchen with wood cabinetry, Corian countertops, and stainless steel appliances. The kitchen leads to a cozy family room with a brick accent wall surrounding the wood-burning fireplace and offers sliding door access to the enclosed porch that leads to an expansive open deck. Upstairs features four bedrooms, all with hardwood flooring, and two full baths. The finished lower level offers a recreation room, laundry/workshop area, and ample storage. Enjoy outdoor living on the expansive deck overlooking the fantastic yard that includes a storage shed, plus this home has a one-car garage with extra storage. Conveniently located near shopping, dining, and major commuter routes, this is the perfect place to call home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21042, Ellicott City, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,992 (100%)
Owner Occupied HU	13,227 (82.7%)
Renter Occupied HU	2,268 (14.2%)
Vacant Housing Units	497 ( 3.1%)
Median Home Value	$766,672
Average Home Value	$819,079