8953 Chapel AveEllicott CityMD21043
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 8953 Chapel Ave, Ellicott City, MD, 21043 in Ellicott City: $4,712/mo in rent, $357/mo in net income, 8.08% gross yield, 1.50 DSCR, all at $700,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $193,397 in appreciation and $6,447/yr in principal paydown projects total cumulative return of $288,578.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 7.0% |
| Monthly Cash Flow | $357 | $1,200 |
City averages based on Ellicott City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,712 |
| Total Monthly Debt Service | $4,075 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2010
0.64 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2010
0.64 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bob Lucido • Keller Williams Lucido Agency
Mls Name: Bright MLS
Mls ID: #MDHW2063116