5951 Millrace Ct UNIT C104, Columbia, MD, 21045 | $201/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5951 Millrace Ct UNIT C104, Columbia, MD, 21045 | $201/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 Columbia at 5951 Millrace Ct UNIT C104, Columbia, MD, 21045 listed at $250,000 pairs $1,756/mo rent with a $1,224/mo payment to leave $201/mo cash flow. Total monthly income runs $1,756/mo, and annual cash flow reaches $2,409/yr on $82,875 cash to close. Return on cash invested measures 22.82% in year one, and rental yield registers 8.43% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 118.47% and total cumulative return in cash totals $98,182. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,756/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1994

N/A lot

$N/A/sqft

No HOA

More details about the property

Modern Comfort and Easy Living in Bristol Green Condominiums. Experience easy living and modern style in this well-cared-for 2-bedroom, 2-bath ground-level condo located in the quiet and desirable community of Bristol Green Condominiums in Columbia. Offering a rare combination of comfort, accessibility, and convenience, this home is perfectly situated close to shops, dining, parks, and major commuter routes. The open-concept living and dining area features a cozy gas fireplace with mantel, creating a warm and inviting space for relaxing or entertaining. Blinds throughout offer privacy, while the updated kitchen boasts hardwood flooring, white cabinetry, granite countertops, and gas cookinga perfect blend of style and functionality. The primary suite includes a spacious bedroom, dual closets, and private full bath, while the second bedroom offers versatility for guests, a home office, or additional living space. Once outside you will find your private concrete patio, ideal for morning coffee, entertaining, or quiet evenings outdoors. Additional conveniences include an in-unit laundry room with washer, dryer, and shelving for storage. Water is included in the monthly HOA fee, adding to the homes low-maintenance appeal. This move-in-ready condo offers ground-level access with direct outdoor entry in a pet-friendly community, making it the perfect blend of comfort and convenience in one of Columbias most sought-after neighborhoods.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21045, Columbia, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,435 (100%)
Owner Occupied HU	10,201 (66.1%)
Renter Occupied HU	4,829 (31.3%)
Vacant Housing Units	405 ( 2.6%)
Median Home Value	$491,719
Average Home Value	$519,908