1003 Leeward Way #1003SolomonsMD20688
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1003 Leeward Way #1003, Solomons, MD, 20688 in Solomons carries a 1.77 coverage ratio, rent of $2,856/mo is 1.77 times the $1,614/mo payment. Rental yield 9.55%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $359,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $99,185; total projected cumulative return: $176,314.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 7.0% |
| Monthly Cash Flow | $(47) | $850 |
City averages based on Solomons market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,856 |
| Total Monthly Debt Service | $2,090 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20688, Solomons, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,360 (100%) |
| Owner Occupied HU | 766 (56.3%) |
| Renter Occupied HU | 346 (25.4%) |
| Vacant Housing Units | 248 (18.2%) |
| Median Home Value | $516,432 |
| Average Home Value | $611,540 |
Housing Distribution
Address Breakdown
Residential
1,166
Single Family
608
Multi-Family
558
Businesses
192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20688, Solomons, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,360 (100%) |
| Owner Occupied HU | 766 (56.3%) |
| Renter Occupied HU | 346 (25.4%) |
| Vacant Housing Units | 248 (18.2%) |
| Median Home Value | $516,432 |
| Average Home Value | $611,540 |
Housing Distribution
Address Breakdown
Residential
1,166
Single Family
608
Multi-Family
558
Businesses
192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices