Main-Floor Residential Income
8605 WANDERING FOX TRAIL #105, Odenton, MD 21113
For Sale
$365,000
Updated kitchen and private patio complement a spacious condo with garage access across the hall.
Property Size1,500 SF
Price / SF$243.33
Days on Market106
Property Features for 8605 WANDERING FOX TRAIL #105
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
Outdoor swimming pool
tennis courts
bocce courts
clubhouse
meeting room
party room
fitness center
Central A/C
Central
90% Forced Air
Built-In Microwave
Dishwasher
Disposal
Dryer
Energy Efficient Appliances
Oven/Range - Electric
Refrigerator
Washer
Building Details
Year Built
Buildings
Listing Agency:
Keller Williams Legacy
Listed By:
Tim Hodgin ABR CRS GRI · License MD #590637
(443) 745-2734
Source:
Kw
Added: Jul 29
Changed: Nov 10
Last Checked: Nov 10 at 12:09PM
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 1,500-square-foot main-floor condominium in the Cedar Ridge 55+ community offers a two-bedroom layout with a bonus room that can serve as a den, office, or possible third bedroom. The home includes luxury vinyl plank flooring, an eat-in kitchen with Corian countertops, pantry storage, and a pass-through to the dining area. The primary suite features a sitting or dressing area, walk-in closet, second closet, and bathroom with double sinks and a glass-enclosed shower. A second bedroom also provides two closets, including a walk-in. Full-size laundry equipment is located in a separate room.
Sliding doors connect the living room to a patio that adjoins open space. Garage parking is accessible from inside the building, with the garage positioned across the hall, and a driveway is located in front of it. Community amenities include an outdoor pool, tennis and bocce courts, clubhouse, meeting and party rooms, and a fitness center.
Sliding doors connect the living room to a patio that adjoins open space. Garage parking is accessible from inside the building, with the garage positioned across the hall, and a driveway is located in front of it. Community amenities include an outdoor pool, tennis and bocce courts, clubhouse, meeting and party rooms, and a fitness center.
Key Highlights
- 1,500 total square feet in a main‑floor condominium
- Cedar Ridge 55+ community in Piney Orchard
- Bonus room offers den, home office, or possible third‑bedroom flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,244
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,880
$404.9K
Cap Rate 7%
$289,200
$289.2K
Cap Rate 9%
$224,933
$224.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.2K $26.16/SF
− Vacancy
−$2.4K −$1.62/SF
EGI
$36.8K $24.54/SF
− OpEx
−$16.6K −$11.04/SF
NOI
$20.2K $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%
$404,880
Cap Rate 7%
$289,200
Cap Rate 9%
$224,933
Alternative Uses
Best Use
Apartment 5plus
$289.2K
$253.1K – $337.4K
NOI $20,244 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.8K
$383.9K – $511.9K
NOI $30,715 @ 7.0% cap · market cap 8.42%
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
197
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 - Updated kitchen and private patio complement a spacious condo with garage access across the hall.
Where is this residential income property located?
The property is located at 8605 WANDERING FOX TRAIL #105 Odenton, MD.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1,500 total square feet in a main‑floor condominium; Cedar Ridge 55+ community in Piney Orchard; Bonus room offers den, home office, or possible third‑bedroom flexibility
