7018 Redmiles RdLaurelMD20707
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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 Laurel at 7018 Redmiles Rd, Laurel, MD, 20707 listed at $465,000 pairs $3,263/mo rent with a $2,276/mo payment to leave $371/mo cash flow. Total monthly income runs $3,263/mo, and annual cash flow reaches $4,450/yr on $154,148 cash to close. Return on cash invested measures 22.8% in year one, and rental yield registers 8.42% at a $465,000 basis. Equity gained on principal adds $3,001/yr, and annual property appreciation at 5% supports $128,471 by year five. Five-year ROI tracks 118.35% and total cumulative return in cash totals $182,435. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,263/mo property income relative to a $2,276/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1966
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20707, Laurel, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,875 (100%) |
| Owner Occupied HU | 8,466 (53.3%) |
| Renter Occupied HU | 6,620 (41.7%) |
| Vacant Housing Units | 789 ( 5.0%) |
| Median Home Value | $507,151 |
| Average Home Value | $561,046 |
Housing Distribution
Address Breakdown
Residential
15,719
Single Family
9,632
Multi-Family
6,087
Businesses
1,314
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