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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% |
Rental property for sale in Annapolis at 308 Forbes St APT M, Annapolis, MD, 21401 offers $2,142/mo rent that, after a $1,982/mo payment. Total monthly income is $2,142/mo. Return on cash invested measures 13.68% in year one, and rental yield stands at 6.35% at a $405,000 entry. Equity gained on principal adds $2,613/yr while 5% annual appreciation compounds into $111,894 by year five. Five-year ROI records 70.55% and total cumulative return in cash reaches $94,718. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,142/mo property income versus a $1,982/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-07-24 | Sold | $405,000 |
| 2025-07-16 | Pending sale | $394,000 |
| 2025-07-02 | Contingent | $394,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-07 | $3520.65 | 22.59% | $245,000 | 22.50% |
| 2023-10-07 | $2872.00 | 10.18% | $200,000 | 8.11% |
| 2022-10-07 | $2606.65 | 8.82% | $185,000 | 8.82% |
Listed by: Rachel Gontkovic • EXP Realty, LLC
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDAA2118842
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 2025 Bright MLS, Inc. [Click here for more information](/mls-disclaimers/#5632)
