8511 Falls Run Rd UNIT K, Ellicott City, MD, 21043 | $641/mo Cash Flow

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8511 Falls Run Rd UNIT K, Ellicott City, MD, 21043 | $641/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 Ellicott City at 8511 Falls Run Rd UNIT K, Ellicott City, MD, 21043 uses $94,474 cash to close to unlock $7,697/yr annual cash flow and $641/mo monthly cash flow. Total monthly income runs $2,414/mo, and a $1,395/mo payment keeps the spread at $641/mo. Purchase price stands at $284,990, and rental yield measures 10.16% with $2,414/mo rent. Return on cash invested shows 28.06% in year one, and 5% annual appreciation builds toward $78,737 over five years. Five-year ROI reaches 146.58% and total cumulative return in cash records $138,483. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,414/mo property income covering a $1,395/mo payment rather than investor’s personal income.

Condo

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

Now Available in Ellicott City! Welcome to this charming 2-bedroom, 2-bathroom condominium offering 962 square feet of comfortable living space. Step inside to find gleaming hardwood floors that flow seamlessly from the welcoming foyercomplete with eclectic track lighting and two closets for extra storageinto the sunlit living room. The living room features high vaulted ceilings and a sliding glass door leading to a private balcony with serene wooded views, perfect for relaxing with your morning coffee or evening unwind. The galley kitchen is equipped with ample cabinetry, a classic white subway tile backsplash, and a stacked washer and dryer for your convenience. Adjacent to the kitchen is a cozy dining area, ideal for casual meals or intimate gatherings. Down the hall, youll find two full bathrooms and two generously sized bedrooms, including a primary suite that boasts vaulted ceilings, a stylish modern chandelier, a separate vanity area, and a private bathroom. Enjoy access to community amenities including a designated parking space, plenty of guest and open parking, a swimming pool, clubhouse, and a tot lot. Dont miss this opportunity to own a beautiful home in sought-after Ellicott City!

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