7248 Elkridge Crossing Way, Elkridge, MD, 21075 | $868/mo Cash Flow

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7248 Elkridge Crossing Way, Elkridge, MD, 21075 | $868/mo Cash Flow | 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

Investment property for sale in Elkridge at 7248 Elkridge Crossing Way, Elkridge, MD, 21075 listed at $399,000 pairs $3,350/mo rent with a $1,953/mo payment to leave $868/mo cash flow. Total monthly income runs $3,350/mo, and annual cash flow reaches $10,420/yr on $132,269 cash to close. Return on cash invested measures 27.79% in year one, and rental yield registers 10.08% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 145.14% and total cumulative return in cash totals $191,978. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,350/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 2007

1 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome Home to this inviting 2 story 1600 sq ft townhouse/condo featuring your very own 1 car private garage with driveway for extra parking! No stairs to climb with groceries or luggage! Many of the upgrades that are offered are: gleaming wood laminate flooring throughout the main level, 9 ft ceilings on the main & upper levels, impressive kitchen w/granite counters, stainless steel appliances, main level open concept floor plan with an abundance of natural light, unforgettable owners suite with the bay window center staged in the room , two walk-in closets along with an substantial ensuite that highlights a dual vanity and a two person stand-up shower! There are two additional spacious bedrooms, a full bathroom and a sizable laundry/utility room. New carpet on stairs and upper level! This property is located in the highly desired community of Elkridge Crossing. Location, location, location! Close to Interstates, BWI airport, Marc Train, along with plenty of shopping and restaurants! Hurry this gem won't last long, move-in ready!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21075, Elkridge, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,735 (100%)
Owner Occupied HU	8,811 (64.1%)
Renter Occupied HU	4,584 (33.4%)
Vacant Housing Units	340 ( 2.5%)
Median Home Value	$514,340
Average Home Value	$560,891