2402 Ellsworth Way APT 2A, Frederick, MD, 21702 | $731/mo Cash Flow

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2402 Ellsworth Way APT 2A, Frederick, MD, 21702 | $731/mo Cash Flow | Ziffy

For Sale

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 Ellsworth Way APT 2A, Frederick, MD, 21702 offers a 10.61% rental yield on a $279,000 purchase with $2,467/mo rent. Total monthly income registers $2,467/mo, and a $1,366/mo payment leaves $731/mo available for distribution. Annual cash flow reaches $8,776/yr on $92,489 to close, and return on cash invested stands at 29.4% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 153.8% and total cumulative return in cash at $142,243. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,467/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1993

N/A lot

$N/A/sqft

No HOA

More details about the property

Move-In Ready Condo in Prime Frederick Location! This bright and spacious condo features an open-concept layout filled with natural light. The kitchen includes stainless steel appliances and plenty of cabinet spaceperfect for everyday cooking and entertaining. A generously sized primary bedroom offers a private en-suite bathroom. Enjoy access to a private balcony from the living areaideal for morning coffee or relaxing evenings. A second full bathroom and in-unit washer and dryer add to the convenience. With fresh, neutral tones throughout, this home is ready for your personal touch. Conveniently located near shops, dining, and commuter routesdont miss this opportunity!

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