6700 Rapid Water Way UNIT 101, Glen Burnie, MD, 21060 | $568/mo Cash Flow

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6700 Rapid Water Way UNIT 101, Glen Burnie, MD, 21060 | $568/mo Cash Flow | Ziffy

For Sale

Listed for sale 3 days ago

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 6700 Rapid Water Way UNIT 101, Glen Burnie, MD, 21060 offers a 10.19% rental yield on a $249,900 purchase with $2,122/mo rent. Total monthly income registers $2,122/mo, and a $1,223/mo payment leaves $568/mo available for distribution. Annual cash flow reaches $6,815/yr on $82,842 to close, and return on cash invested stands at 28.13% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 146.99% and total cumulative return in cash at $121,766. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,122/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1999

N/A lot

$N/A/sqft

No HOA

More details about the property

Photos coming soon. This beautifully updated 2-bedroom, 2-bathroom condo features fresh interior paint, elegant new luxury vinyl flooring, and modern brand-new appliances, offering a stylish and move-in-ready living space. Kitchen offers newer stove, refrigerator, dishwasher and microwave. dining area adjoins Breakfast bar counter and pass thru to kitchen. Living room features fireplace and sliders lead to patio. community offers pool, tennis and tot lots.