1019 Summerglenn Ct #7-302, Bowie, MD, 20721 | $269/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1019 Summerglenn Ct #7-302, Bowie, MD, 20721 | $269/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bowie at 1019 Summerglenn Ct #7-302, Bowie, MD, 20721 uses $65,969 cash to close to unlock $3,232/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $1,507/mo, and a $974/mo payment keeps the spread at $269/mo. Purchase price stands at $199,000, and rental yield measures 9.09% with $1,507/mo rent. Return on cash invested shows 24.81% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 129.2% and total cumulative return in cash records $85,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,507/mo property income covering a $974/mo payment rather than investor’s personal income.

Condo

Built in 1989

N/A lot

$N/A/sqft

No HOA

More details about the property

Located in The Vistas at Lake Arbor, 1019 Summerglenn Ct in Bowie is a two-bedroom, one-bath loft-style condominium offering an open and airy layout. The interior features fresh paint throughout, with vaulted ceilings and large windows that bring in natural light across the main living areas. The main floor includes a combined living and dining area with access to a private balcony, a galley-style kitchen, and a full bathroom. The primary bedroom is also located on this level, offering the ease of main-level living. Upstairs, the loft-style second bedroom overlooks the main level and includes a spacious closet and built-in shelvingideal for a guest room, home office, or creative workspace. Outdoor space includes a balcony and a landscaped community setting, providing a peaceful spot to relax or unwind. Private parking is included, and residents also benefit from nearby walking trails and green space within the neighborhood. The Vistas at Lake Arbor is served by Metrobus routes within walking distance, with quick access to the Capital Beltway, BW Parkway, and the nearby Largo Town Center Metro station. The location places you close to major employers such as Kaiser Permanente, the IRS, and Prince Georges County government offices. For shopping, dining, and entertainment, nearby destinations include Woodmore Towne Centre, Bowie Town Center, and FedExField. Residents can also explore nearby outdoor and cultural spots like Watkins Regional Park and the Prince Georges African American Museum & Cultural Center. Please note: FHA financing may not be available for this condominiumcheck with your lender for eligibility. Mortgage savings may be available for buyers of this listing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20721, Bowie, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,566 (100%)
Owner Occupied HU	9,080 (85.9%)
Renter Occupied HU	1,159 (11.0%)
Vacant Housing Units	327 ( 3.1%)
Median Home Value	$591,780
Average Home Value	$599,636