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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Frederick at 2502 Hemingway Dr #2-2D, Frederick, MD, 21702 listed at $289,900 pairs $3,446/mo rent with a $1,419/mo payment. Total monthly income runs $3,446/mo. Return on cash invested measures -54.76% in year one, and rental yield registers 14.26% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,446/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
$409 annually HOA
Neighborhood data shown for ZIP Code: 21702, Frederick, MD area.
| 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 |
Residential
18,650
Single Family
14,874
Multi-Family
3,776
Businesses
1,101
Date | Event | Price |
|---|---|---|
| 2024-09-06 | Listed for sale | $289,900 |
| 2006-03-24 | Sold | $255,045 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-13 | $94219.86 | 2538.15% | $224,333 | 12.92% |
| 2023-09-13 | $3571.44 | 15.25% | $198,667 | 14.84% |
| 2022-09-13 | $3098.78 | 4.53% | $173,000 | 4.64% |
Listed by: Ron Wolfe • Charis Realty Group
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDFR2053418
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc. [Click here for more information](/info/mls-disclaimers/#mls_5632)
