2503 Coleridge Dr UNIT 3BFrederickMD21702
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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
Investment Highlights
Rental property for sale in Frederick at 2503 Coleridge Dr UNIT 3B, Frederick, MD, 21702 generates $2,576/mo in rent, after a $1,456/mo payment. Total monthly income is $2,576/mo. Return on cash invested sits at -67.73% in year one, and rental yield is 10.39% on a $297,575 entry. Equity gained on principal adds $1,920/yr, while 5% annual appreciation builds toward $82,214 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,576/mo property income rather than buyer’s personal income.
Apartment
Built in 2004
N/A lot
$N/A/sqft
$409 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
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Listed by: George Simmons • George Simmons & Associates
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDFR2056806
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