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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Takoma Park at 116 Lee Ave APT 108, Takoma Park, MD, 20912 uses $48,068 cash to close to unlock $2,866/yr annual cash flow and $239/mo monthly cash flow. Total monthly income runs $1,141/mo, and a $710/mo payment keeps the spread at $239/mo. Purchase price stands at $145,000, and rental yield measures 9.44% with $1,141/mo rent. Return on cash invested shows 25.87% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 134.85% and total cumulative return in cash records $64,820. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,141/mo property income covering a $710/mo payment rather than investor’s personal income.
Condo
Built in 1957
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 20912, Takoma Park, MD area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,181 (100%) |
| Owner Occupied HU | 4,539 (44.6%) |
| Renter Occupied HU | 5,184 (50.9%) |
| Vacant Housing Units | 458 ( 4.5%) |
| Median Home Value | $762,250 |
| Average Home Value | $787,597 |
Residential
9,694
Single Family
4,747
Multi-Family
4,947
Businesses
471
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Don Perrin • Fathom Realty MD, LLC
Mls Name: Bright MLS
Mls ID: #MDMC2209392
