6415 Green Field Rd UNIT 1308, Elkridge, MD, 21075 | $467/mo Cash Flow

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6415 Green Field Rd UNIT 1308, Elkridge, MD, 21075 | $467/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 Elkridge at 6415 Green Field Rd UNIT 1308, Elkridge, MD, 21075 earns $467/mo cash flow from $2,208/mo rent with a $1,370/mo payment. Total monthly income totals $2,208/mo, and annual cash flow totals $5,604/yr on $92,820 capital. ROI tracks 25.95% on current figures, and rental yield reads 9.46% at a $280,000 purchase. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 over five years. Five-year ROI reaches 135.24% and total cumulative return in cash sums $125,529. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,208/mo property income instead of your personal income.

Apartment

Built in 1990

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover the charm of this beautifully maintained 2-bedroom, 1-bathroom unit in the desirable Rockburn Commons III community. With an inviting open floor plan, this home features a cozy living area enhanced by a warm fireplace, perfect for creating lasting memories. The combination dining/living space flows seamlessly, making it ideal for entertaining or relaxing evenings at home. The kitchen is equipped with modern appliances, including a dishwasher, stove, microwave, refrigerator, and disposal, ensuring convenience for your culinary adventures. Enjoy the ease of in-unit laundry with a washer and dryer, adding to the comfort of everyday living. The entry-level bedroom offers accessibility and versatility, while the attic provides additional storage space. Rockburn Commons III boasts a vibrant community atmosphere, with well-maintained common areas and reserved parking for residents. The neighborhood is enriched by nearby parks, perfect for outdoor activities and leisurely strolls. With a low association fee covering maintenance, insurance, and snow removal, you can enjoy a worry-free lifestyle. This unit is not just a home; it's a gateway to a thriving community where convenience meets comfort. Don't miss the opportunity to make this delightful residence your own! Great location in the heart of Elkridgeclose to shopping, dining, parks, and minutes from I-95, Route 1, I-295, 100, BWI, Fort Meade and NSA. Don't let this one get away!

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