1621 Addison Rd SDistrict HeightsMD20747
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1621 Addison Rd S, District Heights, MD, 20747 in District Heights is a solid income-producing rental, 9.23% gross yield, $1,407/mo rent, $269/mo net cash flow on a $182,900 buy. DSCR 1.71 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $50,532 and $1,685/yr in principal reduction project a total cumulative return of $86,760.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 8.0% |
| Monthly Cash Flow | $269 | $200 |
City averages based on District Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,407 |
| Total Monthly Debt Service | $1,065 |
| DSCR Ratio | 1.32x |
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.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,764
Single Family
9,980
Multi-Family
6,784
Businesses
822
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
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,764
Single Family
9,980
Multi-Family
6,784
Businesses
822
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Umeka Coleman • Keller Williams Preferred Properties
Mls Name: Bright MLS
Mls ID: #MDPG2178522