6500 Ridenour Way E APT 3C, Sykesville, MD, 21784 | $594/mo Cash Flow

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6500 Ridenour Way E APT 3C, Sykesville, MD, 21784 | $594/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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 Sykesville at 6500 Ridenour Way E APT 3C, Sykesville, MD, 21784 uses $92,820 cash to close to unlock $7,128/yr annual cash flow and $594/mo monthly cash flow. Total monthly income runs $2,335/mo, and a $1,370/mo payment keeps the spread at $594/mo. Purchase price stands at $280,000, and rental yield measures 10.01% with $2,335/mo rent. Return on cash invested shows 27.59% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 144.04% and total cumulative return in cash records $133,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,335/mo property income covering a $1,370/mo payment rather than investor’s personal income.

Condo

Built in 2001

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover comfort, convenience, and community living in this well-maintained 55+ condo located in the desirable Nells Acres community of Sykesville, Maryland. This spacious two-bedroom condo sits on the third floor of a secure building and features an inviting private porch, an open and bright living area, and neutral colors throughout that create a warm, welcoming feel. The primary bedroom offers a private attached bathroom, with stackable washer/dryer, for added ease and privacy. This condo is also one of the few in the community that includes both a dedicated garage parking space and additional storagean exceptional bonus youll appreciate year-round. No need to walk outside in the elements! The elevator outside your door takes you directly to the lower garage where your vehicle is parked. Residents of Nells Acres enjoy access to a community activity building, fitness center, and beautifully maintained grounds. Lawn care and snow removal are fully included, allowing for a low-maintenance lifestyle. Ideally located just moments from Liberty Road, this home offers convenient access to shopping, dining, and everyday essentials while providing a peaceful, friendly environment. Move-in ready and thoughtfully designed, this condo is a wonderful opportunity to enjoy comfortable living in a sought-after 55+ community.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21784, Sykesville, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,119 (100%)
Owner Occupied HU	12,813 (84.7%)
Renter Occupied HU	1,910 (12.6%)
Vacant Housing Units	396 ( 2.6%)
Median Home Value	$543,643
Average Home Value	$578,098

Housing Distribution

Address Breakdown

Residential

14,702

Single Family

13,826

Multi-Family

876

Businesses

1,070

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 2001
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Underground, Garage Faces Side, Garage Door Opener, Storage, Assigned, Garage

Location

City: Sykesville
State: MD
Subdivision: N/A
Lot Size: N/A
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Becky Brown • Berkshire Hathaway HomeServices Homesale Realty

Mls Name: Bright MLS

Mls ID: #MDCR2031206

6500 Ridenour Way E APT 3C,Sykesville,MD,21784

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

6500 Ridenour Way E APT 3CSykesvilleMD21784