302 Ridgepoint Pl APT 16, Gaithersburg, MD, 20878 | $875/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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302 Ridgepoint Pl APT 16, Gaithersburg, MD, 20878 | $875/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Gaithersburg at 302 Ridgepoint Pl APT 16, Gaithersburg, MD, 20878 offers a 10.09% rental yield on a $399,900 purchase with $3,362/mo rent. Total monthly income registers $3,362/mo, and a $1,957/mo payment leaves $875/mo available for distribution. Annual cash flow reaches $10,502/yr on $132,567 to close, and return on cash invested stands at 27.83% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 145.39% and total cumulative return in cash at $192,740. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,362/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1993

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautifully updated and ideally located, this Kentlands residence blends beautiful updates with a fantastic floorplan and ultimate convenience. Luxury vinyl plank flooring flows through the open-concept living and dining areas, brightened by recessed lighting and anchored by a striking stacked-stone fireplace and custom built-ins. The generous kitchen features updated cabinetry, appliances, and fixtures - perfect for effortless everyday living and entertaining. The spacious primary suite offers direct access to the patioideal for enjoying evening breezes and golden-hour light. This serene retreat is thoughtfully appointed with a walk-in closet, a second double-door closet, and a lighted ceiling fan. The renovated en-suite bath showcases a glass-enclosed tile shower, soaking tub, and designer lighting and fixtures. A generously sized second bedroom with double windows and a double-door closet offers flexibility for guests, a home office, or creative pursuits. The updated hall bath includes ceramic tile, glass shower doors, and decorator finishes. Additional highlights include a coat closet, a dedicated laundry room, and a utility closet with extra space for storage. The best of Kentlands living is right outside your front door breezy lakefront paths, vibrant cafs, boutique shops, and a true sense of communityall just moments from major commuter routes and urban conveniences.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20878, Gaithersburg, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	25,989 (100%)
Owner Occupied HU	16,942 (65.2%)
Renter Occupied HU	7,976 (30.7%)
Vacant Housing Units	1,071 ( 4.1%)
Median Home Value	$773,183
Average Home Value	$802,412