Two-Bedroom Top-Floor
6 RAINFLOWER PATH Unit 304, Sparks, MD 21152
For Sale
$285,000
An open living area, private balcony, den, and in-unit laundry support a flexible residential layout.
Property Size1,187 SF
Price / SF$240.10
Days on Market61
Property Features for 6 RAINFLOWER PATH Unit 304
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
fireplace
private balcony
in-unit laundry
stainless steel appliances
vaulted ceilings
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Legacy
Listed By:
Matthew D Rhine · License MD #628258
(410) 256-5401
Source:
Ghimirehomes
Added: Sep 12
Changed: Nov 4
Last Checked: Nov 10 at 8:43AM
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 Legacy
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Investment Insights
Based on property information with market context.
This 1,187-square-foot condominium has two bedrooms and two full bathrooms, with a separate den and an open living and dining area beneath vaulted ceilings. A fireplace anchors the main living space, and the kitchen is equipped with stainless steel appliances. The primary bedroom has a walk-in closet and an en-suite bath; the second full bathroom has been renovated. Fresh paint, newer carpet, and in-unit laundry are also part of the unit. A private balcony extends the living area outdoors.
Built in 1990, the residence is on the top floor and is located in Sparks, Maryland, with access to Hunt Valley, I-83, and the NCR Trail.
Built in 1990, the residence is on the top floor and is located in Sparks, Maryland, with access to Hunt Valley, I-83, and the NCR Trail.
Key Highlights
- 1,187 square feet with two bedrooms and two full bathrooms
- Top‑floor unit with vaulted ceilings and an open living and dining area
- Separate den and private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,104
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,080
$282.1K
Cap Rate 7%
$201,486
$201.5K
Cap Rate 9%
$156,711
$156.7K
Market Conditions
NOI Build-Up for 1,187 SF
Gross rent
$27.6K $23.28/SF
− Vacancy
−$2.0K −$1.68/SF
EGI
$25.6K $21.60/SF
− OpEx
−$11.5K −$9.72/SF
NOI
$14.1K $11.88/SF
Area
Baltimore County, MD
Vacancy
7.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,080
Cap Rate 7%
$201,486
Cap Rate 9%
$156,711
Alternative Uses
Best Use
Apartment 5plus
$201.5K
$176.3K – $235.1K
NOI $14,104 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.6K
$231.6K – $308.8K
NOI $18,525 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 21152, MD
6,045
Population
2,542
Households
2.4
Avg Household Size
43
Median Age
55%
College-Educated
100%
High-School Grad
24.2 sq mi
ZIP Area
250
Density / Sq Mi
$119,833
Median Household Income
$64,219
Median Earnings
$1,639
Median Rent
$529,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Residential income properties in Baltimore County, MD
Properties on Market for Residential income properties in Baltimore County
Frequently Asked Questions
What type of property is this?
Residential income property - An open living area, private balcony, den, and in-unit laundry support a flexible residential layout.
Where is this residential income property located?
The property is located at 6 RAINFLOWER PATH Unit 304 Sparks, 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: 1,187 square feet with two bedrooms and two full bathrooms; Top‑floor unit with vaulted ceilings and an open living and dining area; Separate den and private balcony
