501 Mathias Hammond Way APT 202, Annapolis, MD, 21401 | $650/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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501 Mathias Hammond Way APT 202, Annapolis, MD, 21401 | $650/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

Rental property for sale in Annapolis at 501 Mathias Hammond Way APT 202, Annapolis, MD, 21401 generates $3,012/mo in rent and, after a $1,859/mo payment, leaves $650/mo in cash flow. Total monthly income is $3,012/mo, and annual cash flow is $7,796/yr on $125,937 invested. Return on cash invested sits at 26.1% in year one, and rental yield is 9.51% on a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 136.07% and total cumulative return in cash sums $171,365. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,012/mo property income rather than buyer’s personal income.

Condo

Built in 1997

N/A lot

$N/A/sqft

No HOA

More details about the property

Stunning 2nd Floor condo 3 BR/2 FBA in sought after Tidewater Colony! Meticulously maintained with open floor plan - Kitchen with granite and stainless appliances - kitchen table space, hardwoods, Gas FP w/ built-in entertainment, upgraded lighting and ceiling fans, private balcony facing woods. 2023 Gas hot water heater and 2022 - AC unit and Aquatherm Air handler, Windows and slider - 10 yrs old with warranty, Bathrooms remodeled 2023. Community amenities include Pool, Fitness, Clubhouse, Tennis, Jog/Walk Path, Tot lots. Super location - Naval Academy, AAMC, Downtown Annapolis, 50 & 97 - DC/Balt!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21401, Annapolis, MD area.

Housing Distribution

Housing Statistics

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