Residential Income Property with
For Sale
$340,500
7734 MAYFAIR CIRCLE Unit B, Ellicott City, MD 21043
A two-bedroom condominium features a sunroom, wood-burning fireplace and access to community recreation.
Property Size950 SF
Days on Market10
Property Features for 7734 MAYFAIR CIRCLE Unit B
General Information
Standard status
Active
Size
950 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,262
Amenities
pool
playground
tennis courts
Building Details
Building Size
950 SF
Year Built
1988
Listing Agency:
Coldwell Banker Realty
Listed By:
Jill Ellen Brookhart · License #6329929
(443) 677-4865
Source:
Thehulsmangroup
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 23 at 2:28PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1988, this condominium has 2 bedrooms, 2.5 baths and an upper-level loft. Interior features include new flooring, quartz countertops, stainless steel appliances and a wood-burning fireplace. A sunroom provides additional interior space.
Community amenities include a swimming pool, playground and tennis courts.
Community amenities include a swimming pool, playground and tennis courts.
Key Highlights
- Two bedrooms and 2.5 baths
- Upper‑level loft and sunroom
- Wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,953
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,060
$259.1K
Cap Rate 7%
$185,043
$185.0K
Cap Rate 9%
$143,922
$143.9K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$24.7K $26.04/SF
− Vacancy
−$1.2K −$1.25/SF
EGI
$23.6K $24.79/SF
− OpEx
−$10.6K −$11.16/SF
NOI
$13.0K $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%
$259,060
Cap Rate 7%
$185,043
Cap Rate 9%
$143,922
Alternative Uses
Best Use
Apartment 5plus
$185.0K
$161.9K – $215.9K
NOI $12,953 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.3K
$308.3K – $411.0K
NOI $24,662 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
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Business Placement
Demographics for 21043, MD
48,775
Population
17,978
Households
2.7
Avg Household Size
39
Median Age
64%
College-Educated
95%
High-School Grad
17.1 sq mi
ZIP Area
2,852
Density / Sq Mi
$141,846
Median Household Income
$77,574
Median Earnings
$1,964
Median Rent
$607,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom condominium features a sunroom, wood-burning fireplace and access to community recreation.
Where is this residential income property located?
The property is located at 7734 MAYFAIR CIRCLE Unit B Ellicott City, MD.
What is the asking price?
The asking price for this property is $340,500.
What are key features of this property?
This property features: Two bedrooms and 2.5 baths; Upper‑level loft and sunroom; Wood‑burning fireplace
