2508 Shelley Cir #8-2CFrederickMD21702
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 2508 Shelley Cir #8-2C, Frederick, MD, 21702 in Frederick. Priced at $289,000, it generates $2,624/mo in gross rent and $664/mo in net monthly cash flow, a 10.9% yield that comfortably supports the 2.02 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,969. Five-year appreciation: $79,845. Equity from principal paydown: $2,662/yr. Total projected cumulative return: $153,052.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 5.6% |
| Monthly Cash Flow | $664 | $285 |
City averages based on Frederick market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,624 |
| Total Monthly Debt Service | $1,845 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2005
N/A lot
$N/A/sqft
$400 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
Nearby investment properties with comparable rents
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
Condo
Built in 2005
N/A lot
$N/A/sqft
$400 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nick Bogardus • Compass
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDFR2056322
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