1627 Blacksmith Way #AFrederickMD21702
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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
Investment property for sale in Frederick at 1627 Blacksmith Way #A, Frederick, MD, 21702 offers a 8.33% rental yield on a $372,053 purchase with $2,584/mo rent. Total monthly income registers $2,584/mo, and a $1,821/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,364/yr on $123,336 to close, and return on cash invested stands at 21.83% in year one. Equity gained on principal adds $2,401/yr while 5% annual appreciation supports $102,791 over five years. Portfolio math shows five-year ROI at 113.45% and total cumulative return in cash at $139,922. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,584/mo property income against a $1,821/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2025
N/A lot
$N/A/sqft
$73 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21702, Frederick, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,989 (100%) |
| Owner Occupied HU | 12,184 (61.0%) |
| Renter Occupied HU | 6,992 (35.0%) |
| Vacant Housing Units | 813 ( 4.1%) |
| Median Home Value | $466,678 |
| Average Home Value | $529,447 |
Housing Distribution
Address Breakdown
Residential
18,650
Single Family
14,874
Multi-Family
3,776
Businesses
1,101
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Listed by: Melissa Lambert • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDFR2066260
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