10502 Westwood DrCheltenhamMD20623
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 10502 Westwood Dr, Cheltenham, MD, 20623 in Cheltenham hard to pass up. The 10.51% gross yield on a $699,000 purchase results in $6,124/mo in rent and $1,656/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.95). Annual cash flow of $19,874, five-year appreciation of $193,121, and $6,438/yr in equity build-up combine for a projected total cumulative return of $379,461.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.0% |
| Monthly Cash Flow | $1,656 | $500 |
City averages based on Cheltenham market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $6,124 |
| Total Monthly Debt Service | $4,069 |
| DSCR Ratio | 1.50x |
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.
Single Family
Built in 1993
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20623, Cheltenham, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 878 (100%) |
| Owner Occupied HU | 815 (92.8%) |
| Renter Occupied HU | 36 ( 4.1%) |
| Vacant Housing Units | 27 ( 3.1%) |
| Median Home Value | $585,036 |
| Average Home Value | $612,092 |
Housing Distribution
Address Breakdown
Residential
966
Single Family
966
Multi-Family
0
Businesses
200
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
Single Family
Built in 1993
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20623, Cheltenham, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 878 (100%) |
| Owner Occupied HU | 815 (92.8%) |
| Renter Occupied HU | 36 ( 4.1%) |
| Vacant Housing Units | 27 ( 3.1%) |
| Median Home Value | $585,036 |
| Average Home Value | $612,092 |
Housing Distribution
Address Breakdown
Residential
966
Single Family
966
Multi-Family
0
Businesses
200
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bright MLS
Mls ID: #MDPG2201502