303 Palmspring Dr APT 10, Gaithersburg, MD, 20878 | $852/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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303 Palmspring Dr APT 10, Gaithersburg, MD, 20878 | $852/mo Cash Flow | Ziffy

For Sale

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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

Rental property for sale in Gaithersburg at 303 Palmspring Dr APT 10, Gaithersburg, MD, 20878 generates $2,500/mo in rent and, after a $1,297/mo payment, leaves $852/mo in cash flow. Total monthly income is $2,500/mo, and annual cash flow is $10,222/yr on $87,848 invested. Return on cash invested sits at 31.55% in year one, and rental yield is 11.32% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 165.29% and total cumulative return in cash sums $145,203. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,500/mo property income rather than buyer’s personal income.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 303 Palmspring Drive #10 in Gaithersburg, Maryland! This spacious top-level condo boasts 2 bedrooms, 2 bathrooms, and is the largest unit in the building. Enjoy brand new carpeting throughout, brand new LVP in kitchen, a convenient in-unit washer and dryer, and a private balcony perfect for relaxing. Water and sewer are included in the condo fee, along with access to community amenities such as a swimming pool and tennis courts. Ideally situated near major routes like 370, 270, and just minutes from Shady Grove Metro. You'll love the proximity to shopping, dining, and entertainment at Rio, Crown, and Kentlands. Ample open parking is available. Seller requests Peak Settlements.

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