1218 Iron Forge Rd, District Heights, MD, 20747 | $473/mo Cash Flow

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1218 Iron Forge Rd, District Heights, MD, 20747 | $473/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 District Heights at 1218 Iron Forge Rd, District Heights, MD, 20747 listed at $440,000 pairs $3,210/mo rent with a $2,154/mo payment to leave $473/mo cash flow. Total monthly income runs $3,210/mo, and annual cash flow reaches $5,676/yr on $145,860 cash to close. Return on cash invested measures 23.8% in year one, and rental yield registers 8.75% at a $440,000 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,564 by year five. Five-year ROI tracks 123.74% and total cumulative return in cash totals $180,490. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,210/mo property income relative to a $2,154/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1966

6,754 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home! Inside the entrance of this split-level home, discover a luxury vinyl plank flooring, and a stunning bay window filling the space with natural light. The open concept floorplan leads you into the modern elegant kitchen, which boasts stainless steel appliances and sleek granite countertops. Pull up a stool to the island breakfast bar, or enjoy a meal in the adjacent and light-filled dining space. Down the hall youll find a spacious primary bedroom suite that features plush carpeting, two large closets, a cozy sitting area, and a private half bathroom. The second bedroom is sizable with soft carpeted flooring and shares access to the handsomely updated full bathroom in the hall. Downstairs, the expansive recreation room offers a fantastic additional living space! A third spacious bedroom with multiple closets and a second sophisticated full bathroom can also be found on this level of the home, along with a large laundry room with a utility sink. Through the french doors, step outside onto the patio to enjoy a breath of fresh air and privacy in your fenced corner lot. On the front of the home, the two-car garage and driveway provide you with plenty of space for storage and parking. Just minutes to Aldi, Shoppers, Penn Station Shopping Center, Boulevard at the Capital Centre, AMC Cinemas, Dave & Busters, Millwood Recreation Center, Walker Mill Regional Park, Joint Base Andrews, Navy Yard, and all of Downtown DC. Quick access to I-495, Martin Luther King Jr Highway, Walker Mill Road, Suitland Parkway, and Central Avenue. ***Property is being sold AS IS*** Schedule a private tour today and enjoy the rest of the year making memories in your new home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 20747, District Heights, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,634 (100%)
Owner Occupied HU	8,199 (49.3%)
Renter Occupied HU	7,489 (45.0%)
Vacant Housing Units	946 ( 5.7%)
Median Home Value	$372,034
Average Home Value	$419,466