3023 Heathcote RdWaldorfMD20602
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 3023 Heathcote Rd, Waldorf, MD, 20602 in Waldorf speaks for itself: 10.44% gross on a $284,900 price, generating $2,479/mo in rent and $707/mo in net income after the $1,281/mo debt service. DSCR 1.94, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,487 stacks alongside $78,713 in projected five-year appreciation and $2,624/yr in principal reduction. Projected total cumulative return: $153,614.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.5% |
| Monthly Cash Flow | $707 | $450 |
City averages based on Waldorf market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,479 |
| Total Monthly Debt Service | $1,659 |
| DSCR Ratio | 1.49x |
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.
Townhouse
Built in 1982
720 sqft lot
$N/A/sqft
Has HOA fee HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20602, Waldorf, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,183 (100%) |
| Owner Occupied HU | 7,497 (67.0%) |
| Renter Occupied HU | 3,296 (29.5%) |
| Vacant Housing Units | 390 ( 3.5%) |
| Median Home Value | $367,810 |
| Average Home Value | $402,566 |
Housing Distribution
Address Breakdown
Residential
10,789
Single Family
9,604
Multi-Family
1,185
Businesses
662
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
Townhouse
Built in 1982
720 sqft lot
$N/A/sqft
Has HOA fee HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20602, Waldorf, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,183 (100%) |
| Owner Occupied HU | 7,497 (67.0%) |
| Renter Occupied HU | 3,296 (29.5%) |
| Vacant Housing Units | 390 ( 3.5%) |
| Median Home Value | $367,810 |
| Average Home Value | $402,566 |
Housing Distribution
Address Breakdown
Residential
10,789
Single Family
9,604
Multi-Family
1,185
Businesses
662
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices