3028 Irma CtSuitlandMD20746
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
Investment Highlights
Investment property for sale in Suitland at 3028 Irma Ct, Suitland, MD, 20746 uses $79,560 cash to close to unlock $10,668/yr annual cash flow and $889/mo monthly cash flow. Total monthly income runs $2,382/mo, and a $1,175/mo payment keeps the spread at $889/mo. Purchase price stands at $240,000, and rental yield measures 11.91% with $2,382/mo rent. Return on cash invested shows 33.32% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 174.77% and total cumulative return in cash records $139,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,382/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Townhouse
Built in 2003
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20746, Suitland, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,847 (100%) |
| Owner Occupied HU | 5,243 (35.3%) |
| Renter Occupied HU | 8,394 (56.5%) |
| Vacant Housing Units | 1,210 ( 8.1%) |
| Median Home Value | $362,333 |
| Average Home Value | $402,334 |
Housing Distribution
Address Breakdown
Residential
14,645
Single Family
6,520
Multi-Family
8,125
Businesses
533
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices