8475 Grove Angle Rd #7Ellicott 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
Rental property for sale in Ellicott City at 8475 Grove Angle Rd #7, Ellicott City, MD, 21043 generates $4,272/mo in rent and, after a $2,986/mo payment, leaves $478/mo in cash flow. Total monthly income is $4,272/mo, and annual cash flow is $5,733/yr on $200,690 invested. Return on cash invested sits at 22.92% in year one, and rental yield is 8.4% on a $610,000 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation builds toward $168,532 over five years. Five-year ROI reaches 118.98% and total cumulative return in cash sums $238,771. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,272/mo property income rather than buyer’s personal income.
Townhouse
Built in 2009
N/A lot
$N/A/sqft
No 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: Courtney Odum-Duncan • RE/MAX Realty Group
Mls Name: Bright MLS
Mls ID: #MDHW2059564