Residential Income Property with
For Sale
$285,000
111 SUNSHINE COURT Unit F, Forest Hill, MD 21050
A private balcony, in-unit laundry, and a kitchen with gas cooking add practical features to this low-maintenance home.
Property Size1,330 SF
Price / SF$214.29
Days on Market190
Property Features for 111 SUNSHINE COURT Unit F
General Information
Standard status
Active
Size
1,330 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,289
Building Details
Building Size
1,330 SF
Year Built
2000
Listing Agency:
Boyle & Kahoe Real Estate
Listed By:
James F Ferguson · License #640705
(443) 807-7836
Source:
Ghimirehomes
Added: Apr 24
Changed: Oct 27
Last Checked: Oct 27 at 4:07AM
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 Boyle & Kahoe Real Estate
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Investment Insights
Based on property information with market context.
This 1,330-square-foot residential income property is a two-bedroom, two-bath condominium with a separate den. The primary bedroom has an en-suite bathroom and walk-in closet. A full-size washer and dryer are located in the unit, and the kitchen includes a breakfast bar, gas cooking, and cabinet storage. A private balcony extends the living space outdoors. The building dates to 2000.
Restaurants, retail shopping, and everyday services are located nearby. The seller is offering a one-year home warranty. Subject to an acceptable offer, the buyer may choose a flooring credit based on an existing quote or have LVP flooring professionally installed before settlement.
Restaurants, retail shopping, and everyday services are located nearby. The seller is offering a one-year home warranty. Subject to an acceptable offer, the buyer may choose a flooring credit based on an existing quote or have LVP flooring professionally installed before settlement.
Key Highlights
- Two bedrooms, two bathrooms, and a separate den
- 1,330 square feet; built in 2000
- Primary bedroom includes an en‑suite bathroom and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,810
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,200
$356.2K
Cap Rate 7%
$254,429
$254.4K
Cap Rate 9%
$197,889
$197.9K
Market Conditions
NOI Build-Up for 1,330 SF
Gross rent
$34.6K $26.04/SF
− Vacancy
−$2.3K −$1.69/SF
EGI
$32.4K $24.35/SF
− OpEx
−$14.6K −$10.96/SF
NOI
$17.8K $13.39/SF
Area
Harford County, MD
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,200
Cap Rate 7%
$254,429
Cap Rate 9%
$197,889
Alternative Uses
Best Use
Apartment 5plus
$254.4K
$222.6K – $296.8K
NOI $17,810 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$468.0K
$409.5K – $546.0K
NOI $32,758 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
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Business Placement
Demographics for 21050, MD
18,681
Population
6,507
Households
2.9
Avg Household Size
44
Median Age
47%
College-Educated
96%
High-School Grad
29.0 sq mi
ZIP Area
644
Density / Sq Mi
$123,750
Median Household Income
$69,489
Median Earnings
$1,646
Median Rent
$439,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony, in-unit laundry, and a kitchen with gas cooking add practical features to this low-maintenance home.
Where is this residential income property located?
The property is located at 111 SUNSHINE COURT Unit F Forest Hill, MD.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two bedrooms, two bathrooms, and a separate den; 1,330 square feet; built in 2000; Primary bedroom includes an en‑suite bathroom and walk‑in closet
