1016 Phillip Powers Dr, Laurel, MD, 20707 | $119/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1016 Phillip Powers Dr, Laurel, MD, 20707 | $119/mo Cash Flow | Ziffy

For Sale

Listed for sale 5 days ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1072 sft

10401 Grosvenor Pl APT 625, Rockville, MD, 20852

1 Bed
1 Bath
527 sft

2305 Nicholson St SE #201, Washington, DC, 20020

- Bed
1 Bath
381 sft

1954 Columbia Rd NW APT 504, Washington, DC, 20009

Currently Rented+ 1 more

- Bed
1 Bath
466 sft

4000 Tunlaw Rd NW APT 602, Washington, DC, 20007

Nearby investment properties with comparable prices

3 Bed
3 Bath
1371 sft

2310 Sun Valley Cir #1-D, Silver Spring, MD, 20906

3 Bed
1 Bath
1145 sft

12401 Braxfield Ct #480-12, Rockville, MD, 20852

3 Bed
2 Bath
1248 sft

12730 Veirs Mill Rd APT 18-104, Rockville, MD, 20853

2 Bed
1 Bath
1042 sft

1 Gardenway UNIT J, Greenbelt, MD, 20770

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Laurel at 1016 Phillip Powers Dr, Laurel, MD, 20707 offers a 7.92% rental yield on a $315,000 purchase with $2,078/mo rent. Total monthly income registers $2,078/mo, and a $1,542/mo payment leaves $119/mo available for distribution. Annual cash flow reaches $1,423/yr on $104,423 to close, and return on cash invested stands at 21.27% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 110.21% and total cumulative return in cash at $115,085. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,078/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 1952

1,650 sqft lot

$N/A/sqft

No HOA

More details about the property

Move-in ready 2BR/1BA in Laurel Gardens with no HOA! Main level offers a living roomdining room combo plus kitchen with stainless appliances & ceramic tile. Bedrooms with new carpet plus full bath upstairs. Lower level also has new carpet & flexible space. Many updates throughout including an updated roof. Option to add a 2nd bath that many neighbors have added. Fenced backyard great for pets & entertaining. This home is within walking distance to McCullough Fieldhub for neighborhood sports and community activitiesas well as the library, pool, schools, historic Main street, Laurel Recreation, and the Laurel Boys & Girls Club. Steps to public transportation. Stroll to Historic Main Street and enjoy dining and shopping, with Laurel Racetrack, Laurel Town Center, and additional shops and restaurants nearby. Commuting is simple with quick access to I-95, ICC, BW Parkway, and major routes to D.C. and Baltimore.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20707, Laurel, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,875 (100%)
Owner Occupied HU	8,466 (53.3%)
Renter Occupied HU	6,620 (41.7%)
Vacant Housing Units	789 ( 5.0%)
Median Home Value	$507,151
Average Home Value	$561,046