2704 Summerview Way APT 302AnnapolisMD21401
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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 Annapolis at 2704 Summerview Way APT 302, Annapolis, MD, 21401 listed at $419,900 pairs $3,728/mo rent with a $2,055/mo payment to leave $1,117/mo cash flow. Total monthly income runs $3,728/mo, and annual cash flow reaches $13,400/yr on $139,197 cash to close. Return on cash invested measures 29.54% in year one, and rental yield registers 10.65% at a $419,900 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,011 by year five. Five-year ROI tracks 154.5% and total cumulative return in cash totals $215,064. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,728/mo property income relative to a $2,055/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21401, Annapolis, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,760 (100%) |
| Owner Occupied HU | 10,993 (55.6%) |
| Renter Occupied HU | 7,111 (36.0%) |
| Vacant Housing Units | 1,656 ( 8.4%) |
| Median Home Value | $657,978 |
| Average Home Value | $740,220 |
Housing Distribution
Address Breakdown
Residential
18,554
Single Family
14,395
Multi-Family
4,159
Businesses
3,390
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