6514 Ridenour Way E APT 2AEldersburgMD21784
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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
Investment property for sale in Eldersburg at 6514 Ridenour Way E APT 2A, Eldersburg, MD, 21784 earns $337/mo cash flow from $2,110/mo rent with a $1,395/mo payment. Total monthly income totals $2,110/mo, and annual cash flow totals $4,048/yr on $94,478 capital. ROI tracks 24.19% on current figures, and rental yield reads 8.88% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 125.88% and total cumulative return in cash sums $118,926. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,110/mo property income instead of your personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
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
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Listed by: JoAnn Walton • Berkshire Hathaway HomeServices Homesale Realty
Mls Name: Bright MLS
Mls ID: #MDCR2029150