2402 Dominion Dr APT 1B, Frederick, MD, 21702 | $765/mo Cash Flow

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2402 Dominion Dr APT 1B, Frederick, MD, 21702 | $765/mo Cash Flow | Ziffy

For Sale

Listed for sale 4 days ago

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 Frederick at 2402 Dominion Dr APT 1B, Frederick, MD, 21702 earns $765/mo cash flow from $2,381/mo rent with a $1,272/mo payment. Total monthly income totals $2,381/mo, and annual cash flow totals $9,176/yr on $86,157 capital. ROI tracks 30.56% on current figures, and rental yield reads 10.99% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 160% and total cumulative return in cash sums $137,854. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,381/mo property income instead of your personal income.

Condo

Built in 1995

N/A lot

$N/A/sqft

No HOA

More details about the property

Come see this beautiful condo located on the first floor rear unit. Condo was just professionally painted and cleaned. Nothing to do here but move in. Located in Whittier community (Laketree) with 3 pools, and tons of shopping close and restaurants too!

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