7240 Contee Rd, Laurel, MD, 20707 | 4.43% Rental Yield

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7240 Contee Rd, Laurel, MD, 20707 | 4.43% Rental Yield | Ziffy

For Sale

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

Rental property for sale in Laurel at 7240 Contee Rd, Laurel, MD, 20707 generates $2,155/mo in rent, after a $2,860/mo payment. Total monthly income is $2,155/mo. Return on cash invested sits at 10.83% in year one, and rental yield is 4.43% on a $584,390 entry. Equity gained on principal adds $3,771/yr, while 5% annual appreciation builds toward $161,456 over five years. Five-year ROI reaches 54.14% and total cumulative return in cash sums $104,095. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,155/mo property income rather than buyer’s personal income.

Townhouse

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Upon entry into this new three-story townhome is a sprawling recreation room well-suited to fit an array of versatile needs, while at the back is a convenient mudroom and connecting two-car garage. The second floor presents the main living and dining spaces with a spacious kitchen at the center of the open-concept layout. Ideally located on the top floor are two secondary bedrooms and a tranquil owner's suite to provide maximum privacy.

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