8820 Shining Oceans Way UNIT 207, Columbia, MD, 21045 | $527/mo Cash Flow

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8820 Shining Oceans Way UNIT 207, Columbia, MD, 21045 | $527/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 Columbia at 8820 Shining Oceans Way UNIT 207, Columbia, MD, 21045 offers a 8.75% rental yield on a $490,000 purchase with $3,574/mo rent. Total monthly income registers $3,574/mo, and a $2,398/mo payment leaves $527/mo available for distribution. Annual cash flow reaches $6,321/yr on $162,435 to close, and return on cash invested stands at 23.8% in year one. Equity gained on principal adds $3,162/yr while 5% annual appreciation supports $135,378 over five years. Portfolio math shows five-year ROI at 123.75% and total cumulative return in cash at $201,012. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,574/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover this beautifully maintained spacious 3 bedroom, 2 bathroom condo in the highly desirable active adult community of Snowden Overlook. Offering one of the largest floor plans in the building, this home provides abundant living space and excellent storage throughout. Enjoy the convenience of a secure building with two elevators and a covered parking garage that includes one assigned space, plus ample additional parking outside. The great room features custom built-ins and a cozy gas fireplace, while the adjacent sunroom is surrounded by large windows that fill the space with natural light. A formal dining room connects seamlessly to the upgraded kitchen, complete with granite countertops and recently replaced stainless steel appliances. The spacious primary suite boasts a wall of windows, a walk-in closet, and a large private bath. On the opposite side of the unit, youll find two additional bedrooms, a full bath, a linen closet, and a separate laundry room. Major systems have been updated - HVAC (2021) and water heater (2019). Snowden Overlook is a vibrant, gated 55+ community offering resort-style amenities, including a staffed clubhouse, fitness center, rooms to entertain or relax and swimming pool. Dont miss the opportunity to own in one of Columbias most sought-after active adult communities!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21045, Columbia, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,435 (100%)
Owner Occupied HU	10,201 (66.1%)
Renter Occupied HU	4,829 (31.3%)
Vacant Housing Units	405 ( 2.6%)
Median Home Value	$491,719
Average Home Value	$519,908