Ground-Floor Residential Income
For Sale
$390,000
10391 RESORT ROAD Unit V, Ellicott City, MD 21042
2024 condo with two bedrooms, two bathrooms, and direct ground-level entry.
Property Size1,069 SF
Price / SF$364.83
Days on Market182
Property Features for 10391 RESORT ROAD Unit V
General Information
Standard status
Active
Size
1,069 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,589
Building Details
Building Size
1,069 SF
Year Built
2024
Listing Agency:
Keller Williams Flagship
Listed By:
Derrick R Dorkins
(410) 501-8783
Source:
Thehulsmangroup
Added: Apr 8
Changed: Oct 5
Last Checked: Oct 4 at 3:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Flagship
Investment Insights
Based on property information with market context.
Built in 2024, this ground-level condominium provides 1,069 square feet with two bedrooms and two bathrooms. The interior uses an open arrangement with contemporary finishes, spacious bedrooms, and functional bath layouts. Direct entry from the ground floor supports convenient access and low-maintenance living.
Unit V faces a wooded area, giving the residence a private natural backdrop. The property is located at 10391 Resort Road in Ellicott City, Maryland, within ZIP code 21042.
Unit V faces a wooded area, giving the residence a private natural backdrop. The property is located at 10391 Resort Road in Ellicott City, Maryland, within ZIP code 21042.
Key Highlights
- Built in 2024
- 1,069 square feet of living space
- Two‑bedroom, two‑bathroom condominium
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,575
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,500
$291.5K
Cap Rate 7%
$208,214
$208.2K
Cap Rate 9%
$161,944
$161.9K
Market Conditions
NOI Build-Up for 1,069 SF
Gross rent
$27.8K $26.04/SF
− Vacancy
−$1.3K −$1.25/SF
EGI
$26.5K $24.79/SF
− OpEx
−$11.9K −$11.16/SF
NOI
$14.6K $13.63/SF
Area
Howard County, MD
Vacancy
4.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,500
Cap Rate 7%
$208,214
Cap Rate 9%
$161,944
Alternative Uses
Best Use
Apartment 5plus
$208.2K
$182.2K – $242.9K
NOI $14,575 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$396.4K
$346.9K – $462.5K
NOI $27,751 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 21042, MD
43,147
Population
15,269
Households
2.8
Avg Household Size
43
Median Age
75%
College-Educated
98%
High-School Grad
37.0 sq mi
ZIP Area
1,166
Density / Sq Mi
$190,504
Median Household Income
$94,089
Median Earnings
$2,253
Median Rent
$674,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - 2024 condo with two bedrooms, two bathrooms, and direct ground-level entry.
Where is this residential income property located?
The property is located at 10391 RESORT ROAD Unit V Ellicott City, MD.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Built in 2024; 1,069 square feet of living space; Two‑bedroom, two‑bathroom condominium
