8258 Elko DrEllicott CityMD21043
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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 Ellicott City at 8258 Elko Dr, Ellicott City, MD, 21043 with 5% annual appreciation on a $795,000 basis while $4,456/mo rent supports operations. 12% in year one. Equity gained on principal adds $5,130/yr, and five-year appreciation sums $219,644 alongside rental yield of 6.73%. Five-year ROI measures 88.15% and total cumulative return in cash totals $230,566. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,456/mo property income versus a $3,891/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
0.32 Acres lot
$N/A/sqft
$152 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21043, Ellicott City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,755 (100%) |
| Owner Occupied HU | 12,468 (66.5%) |
| Renter Occupied HU | 5,611 (29.9%) |
| Vacant Housing Units | 676 ( 3.6%) |
| Median Home Value | $688,466 |
| Average Home Value | $720,480 |
Housing Distribution
Address Breakdown
Residential
18,864
Single Family
13,418
Multi-Family
5,446
Businesses
767
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Listed by: Missy Aldave • Northrop Realty
Mls Name: Long & Foster Broker Feed
Mls Provider:
Mls ID: #MDHW2051392
Disclaimer: Listing information is deemed reliable, but not guaranteed.