Residential Income Property with Pond
8600 ROAMING RIDGE WAY Unit 202, Odenton, MD 21113
For Sale
New
$470,000
The three-bedroom residence includes a den, attached garage, elevator access, and deeded private storage.
Property Size1,900 SF
Price / SF$247.37
Days on Market6
Property Features for 8600 ROAMING RIDGE WAY Unit 202
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
clubhouse
fitness center
swimming pool
tennis courts
walking and jogging paths
meeting and party spaces
private interior storage unit
Building Details
Building Size
Year Built
Listing Agency:
Taylor Properties
Listed By:
Natalie Chamberlain · License MD #657773
(410) 533-3362
Source:
Bradkappel
Added: Nov 6
Changed: Nov 11
Last Checked: Nov 10 at 2:50PM
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 Taylor Properties
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Investment Insights
Based on property information with market context.
This 1,900-square-foot residence in a 55+ community has three bedrooms, two baths, and a den. Brazilian hardwood flooring runs through the main living areas and bedrooms, while crown molding, columns, and high ceilings add detail to the interior. The open living and dining areas connect with an eat-in kitchen featuring granite countertops. The primary suite includes a walk-in closet, jetted tub, and separate shower. An attached garage offers interior and elevator access, and the property includes a deeded 128-square-foot interior storage unit.
Pond views provide a water-facing outlook. Community amenities include a clubhouse, fitness center, swimming pool, tennis courts, walking and jogging paths, and meeting and party spaces. Organized resident activities include coffee meetups, game nights, book clubs, and cookouts.
Pond views provide a water-facing outlook. Community amenities include a clubhouse, fitness center, swimming pool, tennis courts, walking and jogging paths, and meeting and party spaces. Organized resident activities include coffee meetups, game nights, book clubs, and cookouts.
Key Highlights
- 1,900‑square‑foot residence with 3 bedrooms, 2 baths, and a den
- Deeded 128‑square‑foot private interior storage unit
- Attached garage with interior and elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,642
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,840
$512.8K
Cap Rate 7%
$366,314
$366.3K
Cap Rate 9%
$284,911
$284.9K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$49.7K $26.16/SF
− Vacancy
−$3.1K −$1.62/SF
EGI
$46.6K $24.54/SF
− OpEx
−$21.0K −$11.04/SF
NOI
$25.6K $13.50/SF
Area
Anne Arundel County, MD
Vacancy
6.20%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,840
Cap Rate 7%
$366,314
Cap Rate 9%
$284,911
Alternative Uses
Best Use
Apartment 5plus
$366.3K
$320.5K – $427.4K
NOI $25,642 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$555.8K
$486.3K – $648.4K
NOI $38,906 @ 7.0% cap · market cap 8.28%
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
175
Businesses Nearby
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Business Placement
Demographics for 21113, MD
35,670
Population
16,103
Households
2.2
Avg Household Size
36
Median Age
51%
College-Educated
98%
High-School Grad
15.0 sq mi
ZIP Area
2,378
Density / Sq Mi
$125,081
Median Household Income
$68,955
Median Earnings
$2,152
Median Rent
$401,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Anne Arundel County, MD
Properties on Market for Residential income properties in Anne Arundel County
Frequently Asked Questions
What type of property is this?
Residential income property - The three-bedroom residence includes a den, attached garage, elevator access, and deeded private storage.
Where is this residential income property located?
The property is located at 8600 ROAMING RIDGE WAY Unit 202 Odenton, MD.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 1,900‑square‑foot residence with 3 bedrooms, 2 baths, and a den; Deeded 128‑square‑foot private interior storage unit; Attached garage with interior and elevator access
