6503 Home Water Way UNIT 303, Glen Burnie, MD, 21060 | $987/mo Cash Flow

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6503 Home Water Way UNIT 303, Glen Burnie, MD, 21060 | $987/mo Cash Flow | Ziffy

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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 Glen Burnie at 6503 Home Water Way UNIT 303, Glen Burnie, MD, 21060 uses $87,814 cash to close to unlock $11,844/yr annual cash flow and $987/mo monthly cash flow. Total monthly income runs $2,635/mo, and a $1,297/mo payment keeps the spread at $987/mo. Purchase price stands at $264,900, and rental yield measures 11.94% with $2,635/mo rent. Return on cash invested shows 33.4% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 175.2% and total cumulative return in cash records $153,848. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,635/mo property income covering a $1,297/mo payment rather than investor’s personal income.

Condo

Built in 1999

N/A lot

$N/A/sqft

No HOA

More details about the property

Penthouse Living at a Great Value! Welcome home to this spacious, move-in ready condo offering the perfect blend of style, comfort, and convenience. Freshly painted and perched on the penthouse level, this home features an inviting open floor plan ideal for both everyday living and entertaining. The bright and airy living room flows seamlessly into a separate dining area, while the updated galley kitchen shines with crisp white cabinetry, gleaming granite countertops, stainless steel appliances, and plenty of workspace for the home chef. The Primary bedroom suite is a relaxing retreat with two large closets and a private full bath. Two additional bedrooms provide flexibility for family, guests, or a home office, and they share a well-appointed hall bath. Added conveniences include an in-unit washer and dryer, plus a covered balcony with a bonus storage closetperfect for enjoying your morning coffee or unwinding after a long day. Residents enjoy a wealth of community amenities including a sparkling pool, tennis courts, tot lot/playground, and scenic walking and jogging paths. All this, plus an unbeatable location close to shopping, dining, and major commuter routes for an easy lifestyle both at home and on the go. This condo checks every boxdont miss it!