8601 Roaming Ridge Way UNIT 304OdentonMD21113
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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 Odenton at 8601 Roaming Ridge Way UNIT 304, Odenton, MD, 21113 listed at $365,000 pairs $3,005/mo rent with a $1,786/mo payment to leave $735/mo cash flow. Total monthly income runs $3,005/mo, and annual cash flow reaches $8,825/yr on $120,998 cash to close. Return on cash invested measures 27.2% in year one, and rental yield registers 9.88% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Five-year ROI tracks 142.01% and total cumulative return in cash totals $171,823. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,005/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21113, Odenton, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,963 (100%) |
| Owner Occupied HU | 10,718 (63.2%) |
| Renter Occupied HU | 5,467 (32.2%) |
| Vacant Housing Units | 778 ( 4.6%) |
| Median Home Value | $460,176 |
| Average Home Value | $526,541 |
Housing Distribution
Address Breakdown
Residential
16,401
Single Family
12,427
Multi-Family
3,974
Businesses
564
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