2101 Wayside Dr APT 2DFrederickMD21702
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 2101 Wayside Dr APT 2D, Frederick, MD, 21702 in Frederick achieves a 1.97 ratio at $269,900: $2,390/mo rent versus $1,214/mo debt service. Rental yield 10.63%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 10.63% yield compounds alongside 5% annual appreciation projecting $74,568 in value.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 5.6% |
| Monthly Cash Flow | $(6,139) | $285 |
City averages based on Frederick market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,390 |
| Total Monthly Debt Service | $8,422 |
| DSCR Ratio | 0.28x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Apartment
Built in 1997
N/A lot
$N/A/sqft
$450 annually 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
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
Apartment
Built in 1997
N/A lot
$N/A/sqft
$450 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices