15618 Everglade Ln APT 106, Bowie, MD, 20716 | $801/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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15618 Everglade Ln APT 106, Bowie, MD, 20716 | $801/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 15618 Everglade Ln APT 106, Bowie, MD, 20716 uses $104,423 cash to close to unlock $9,607/yr annual cash flow and $801/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $1,542/mo payment keeps the spread at $801/mo. Purchase price stands at $315,000, and rental yield measures 10.51% with $2,760/mo rent. Return on cash invested shows 29.11% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 152.24% and total cumulative return in cash records $158,969. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $1,542/mo payment rather than investor’s personal income.

Condo

Built in 2004

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained 2-bedroom, 2-bathroom condo that combines comfort, style, and convenience. Step into a spacious open-concept living and dining area with plenty of natural light, freshly painted and new carpeting, perfect for both relaxing and entertaining. The kitchen features modern appliances and a breakfast bar ideal for casual dining. The primary suite offers a private bathroom and generous closet space. The second bedroom is perfect for guests, a home office, or a roommate setup, with a full bathroom just steps away. Additional features include in-unit laundry, central heating and cooling, and a private patio to enjoy your morning coffee or unwind in the evening. Located in a well-maintained community with amenities such as an outdoor swimming pool, and a secure buidling. Whether you're a first-time buyer, downsizing, or looking for a low-maintenance lifestyle, this condo is move-in ready and perfectly situated near shops, restaurants, and public transit.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20716, Bowie, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,953 (100%)
Owner Occupied HU	6,593 (66.2%)
Renter Occupied HU	2,882 (29.0%)
Vacant Housing Units	478 ( 4.8%)
Median Home Value	$454,615
Average Home Value	$488,465