2613 Millvale AveDistrict HeightsMD20747
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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
Investment Highlights
Investment property for sale in District Heights at 2613 Millvale Ave, District Heights, MD, 20747 offers a 8.61% rental yield on a $299,000 purchase with $2,145/mo rent. Total monthly income registers $2,145/mo, and a $1,463/mo payment leaves $286/mo available for distribution. Annual cash flow reaches $3,430/yr on $99,119 to close, and return on cash invested stands at 23.37% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 121.43% and total cumulative return in cash at $120,358. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,145/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
7,363 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20747, District Heights, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,634 (100%) |
| Owner Occupied HU | 8,199 (49.3%) |
| Renter Occupied HU | 7,489 (45.0%) |
| Vacant Housing Units | 946 ( 5.7%) |
| Median Home Value | $372,034 |
| Average Home Value | $419,466 |
Housing Distribution
Address Breakdown
Residential
16,764
Single Family
9,980
Multi-Family
6,784
Businesses
822
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Listed by: Tayo Fatokimi Bass • Samson Properties
Mls Name: Bright MLS
Mls ID: #MDPG2177248