6240 Manchester Way, Elkridge, MD, 21075 | $650/mo Cash Flow

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 Elkridge at 6240 Manchester Way, Elkridge, MD, 21075 generates $3,449/mo in rent and, after a $2,203/mo payment, leaves $650/mo in cash flow. Total monthly income is $3,449/mo, and annual cash flow is $7,797/yr on $149,175 invested. Return on cash invested sits at 25.14% in year one, and rental yield is 9.2% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 130.92% and total cumulative return in cash sums $195,294. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,449/mo property income rather than buyer’s personal income.

Townhouse

Built in 1990

1,800 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 21075, Elkridge, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,735 (100%)
Owner Occupied HU	8,811 (64.1%)
Renter Occupied HU	4,584 (33.4%)
Vacant Housing Units	340 ( 2.5%)
Median Home Value	$514,340
Average Home Value	$560,891