








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Frederick at 3030 Mill Island Pkwy APT 304, Frederick, MD, 21703 offers a 7.58% rental yield on a $474,900 purchase with $2,999/mo rent. Total monthly income registers $2,999/mo, and a $2,324/mo payment leaves $46/mo available for distribution. Annual cash flow reaches $549/yr on $157,429 to close, and return on cash invested stands at 20.26% in year one. Equity gained on principal adds $3,064/yr while 5% annual appreciation supports $131,206 over five years. Portfolio math shows five-year ROI at 104.75% and total cumulative return in cash at $164,903. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,999/mo property income against a $2,324/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 21703, Frederick, MD area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,079 (100%) |
| Owner Occupied HU | 11,278 (66.0%) |
| Renter Occupied HU | 5,112 (29.9%) |
| Vacant Housing Units | 689 ( 4.0%) |
| Median Home Value | $425,220 |
| Average Home Value | $488,306 |
Residential
16,391
Single Family
14,354
Multi-Family
2,037
Businesses
919
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Yolanda Carrera • Morris Realty Services
Mls Name: Bright MLS
Mls ID: #MDFR2071538