2311 Olson St APT 102, Temple Hills, MD, 20748 | $203/mo Cash Flow

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2311 Olson St APT 102, Temple Hills, MD, 20748 | $203/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 Temple Hills at 2311 Olson St APT 102, Temple Hills, MD, 20748 uses $46,410 cash to close to unlock $2,430/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $1,073/mo, and a $685/mo payment keeps the spread at $203/mo. Purchase price stands at $140,000, and rental yield measures 9.2% with $1,073/mo rent. Return on cash invested shows 25.14% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 131.01% and total cumulative return in cash records $60,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,073/mo property income covering a $685/mo payment rather than investor’s personal income.

Condo

Built in 1974

N/A lot

$N/A/sqft

No HOA

More details about the property

INVESTOR ALERT! Investor's opportunity to renovate and renew this 2BR/1BA Condo located in Temple Hills. The Condo is being sold strictly as-is and offers excellent potential for renovation, rental, or future resale. Marlow Olson Condominiums awaits your finishing touch. Enjoy an open living/dining area, private patio, and oversized walk-in closet. Condo fee covers gas, water, trash, lawn maintenance, snow removal, and reserve parking space. The patio accesses a beautiful view of the backwoods! Extra storage is assigned to the unit in the building storage location. This fantastic location offers a quick walk to the nearby grocery store and a Metro bus line right outside of the building. Less than 10 minutes to Branch Ave, Suitland Rd & Naylor Road Metro stations, and minutes to I-495 with easy access to downtown DC. The MGM Hotel and Casino, Tangler Outlets, and The National Harbor are less than 2 miles. The property is SOLD- AS-IS and is ideal for investors or buyers looking for ahome renovation project.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20748, Temple Hills, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,961 (100%)
Owner Occupied HU	9,110 (57.1%)
Renter Occupied HU	5,916 (37.1%)
Vacant Housing Units	935 ( 5.9%)
Median Home Value	$412,681
Average Home Value	$440,681