6202 Walter WayEllicott CityMD21043
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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
Investment Highlights
Rental property for sale in Ellicott City at 6202 Walter Way, Ellicott City, MD, 21043 generates $4,840/mo in rent, after a $4,650/mo payment. Total monthly income is $4,840/mo. Return on cash invested sits at 15.96% in year one, and rental yield is 6.11% on a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation builds toward $262,467 over five years. Five-year ROI reaches 81.66% and total cumulative return in cash sums $255,230. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,840/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
7,311 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21043, Ellicott City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,755 (100%) |
| Owner Occupied HU | 12,468 (66.5%) |
| Renter Occupied HU | 5,611 (29.9%) |
| Vacant Housing Units | 676 ( 3.6%) |
| Median Home Value | $688,466 |
| Average Home Value | $720,480 |
Housing Distribution
Address Breakdown
Residential
18,864
Single Family
13,418
Multi-Family
5,446
Businesses
767
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Listed by: Creig Northrop • Northrop Realty
Mls Name: Bright MLS
Mls ID: #MDHW2054430