118 Monroe St APT 118-702RockvilleMD20850
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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
Investment Highlights
Rental property for sale in Rockville at 118 Monroe St APT 118-702, Rockville, MD, 20850 generates $2,073/mo in rent, after a $1,334/mo payment. Total monthly income is $2,073/mo. Return on cash invested sits at 7.2% in year one, and rental yield is 9.13% on a $272,500 entry. Equity gained on principal adds $1,758/yr, while 5% annual appreciation builds toward $75,287 over five years. Five-year ROI reaches 41.13% and total cumulative return in cash sums $37,158. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,073/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20850, Rockville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,381 (100%) |
| Owner Occupied HU | 11,257 (50.3%) |
| Renter Occupied HU | 9,799 (43.8%) |
| Vacant Housing Units | 1,325 ( 5.9%) |
| Median Home Value | $797,677 |
| Average Home Value | $848,556 |
Housing Distribution
Address Breakdown
Residential
22,111
Single Family
13,260
Multi-Family
8,851
Businesses
2,859
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