Rental Property in Maryland- where to invest?

Member since 2022 · 8 posts · 3 votes

Hello,

Complete newbie here. I'm looking to buy a rental property where ROI makes sense, area with a potential growth/appreciation and quality renters with good income. Please advise what areas I have to look for. Flipping or investing in Baltimore itself isnt my cup of tea. Looking area like Fredrick, Elkridge, Columbia. Gaithersburg, Hyattsville etc ..and confused :). Looking in the range of ~300k.

Please advise. Thanks !!

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Sam Kahl

Real Estate Agent · Bel Air, MD · Member since 2022 · 58 posts · 44 votes

Quote from @Account Closed:

Hello,

Please advise. Thanks !!

How close to the city are you willing to go? Baltimore County has areas that can be attractive (I am most familiar with areas north/east of the city). Dundalk in particular for cash flow. The Parkville area has more single family homes with higher price points than Dundalk so the cash flow may not be as good, however, values in that areas hold up well overall. There are plenty of other suburbs with great appreciation potential but likely to generate less cash flow. Depends how far out you want to be and what your strategy is.

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Russell BrazilBusiness Member
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Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
4y
Quote from @Account Closed:

Hello,
Complete newbie here. I'm looking to buy a rental property where ROI makes sense, area with a potential growth/appreciation and quality renters with good income. Please advise what areas I have to look for. Flipping or investing in Baltimore itself isnt my cup of tea. Looking area like Fredrick, Elkridge, Columbia. Gaithersburg, Hyattsville etc ..and confused :). Looking in the range of ~300k.
Please advise. Thanks !!
$300k Id look in Frederick. The other quality areas you mentioned will be higher price points than that.
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Jack Seiden
Real Estate Agent · Washington DC · Member since 2016 · 847 posts · 656 votes
4y
Quote from @Account Closed:

Hello,
Complete newbie here. I'm looking to buy a rental property where ROI makes sense, area with a potential growth/appreciation and quality renters with good income. Please advise what areas I have to look for. Flipping or investing in Baltimore itself isnt my cup of tea. Looking area like Fredrick, Elkridge, Columbia. Gaithersburg, Hyattsville etc ..and confused :). Looking in the range of ~300k.
Please advise. Thanks !!
Eastern shore!!! Baltimore yields but not Baltimore lol
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Sam Kahl
Real Estate Agent · Bel Air, MD · Member since 2022 · 58 posts · 44 votes
4y
Quote from @Account Closed:

Hello,
Complete newbie here. I'm looking to buy a rental property where ROI makes sense, area with a potential growth/appreciation and quality renters with good income. Please advise what areas I have to look for. Flipping or investing in Baltimore itself isnt my cup of tea. Looking area like Fredrick, Elkridge, Columbia. Gaithersburg, Hyattsville etc ..and confused :). Looking in the range of ~300k.
Please advise. Thanks !!
How close to the city are you willing to go? Baltimore County has areas that can be attractive (I am most familiar with areas north/east of the city). Dundalk in particular for cash flow. The Parkville area has more single family homes with higher price points than Dundalk so the cash flow may not be as good, however, values in that areas hold up well overall. There are plenty of other suburbs with great appreciation potential but likely to generate less cash flow. Depends how far out you want to be and what your strategy is.
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Sara Frank
Realtor · Baltimore, MD · Member since 2020 · 255 posts · 182 votes
4y
Quote from @Account Closed:

Hello,
Complete newbie here. I'm looking to buy a rental property where ROI makes sense, area with a potential growth/appreciation and quality renters with good income. Please advise what areas I have to look for. Flipping or investing in Baltimore itself isnt my cup of tea. Looking area like Fredrick, Elkridge, Columbia. Gaithersburg, Hyattsville etc ..and confused :). Looking in the range of ~300k.
Please advise. Thanks !!

Frederick would be good at that price point. As far as Baltimore county, Towson/Lochraven area have good rental markets as well as Dundalk. PG county markets are some parts of Hyattsville. I would avoid east Hyattsville but the areas around Route 1 feed renters to UMD and to the city.
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