3210 Spartan Rd #2-3-AOlneyMD20832
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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
Investment Highlights
Investment property for sale in Olney at 3210 Spartan Rd #2-3-A, Olney, MD, 20832 listed at $199,900 pairs $1,531/mo rent with a $978/mo payment to leave $288/mo cash flow. Total monthly income runs $1,531/mo, and annual cash flow reaches $3,458/yr on $66,267 cash to close. Return on cash invested measures 25.13% in year one, and rental yield registers 9.19% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 130.93% and total cumulative return in cash totals $86,761. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,531/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20832, Olney, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 7,692 (86.5%) |
| Renter Occupied HU | 1,013 (11.4%) |
| Vacant Housing Units | 191 ( 2.1%) |
| Median Home Value | $676,740 |
| Average Home Value | $740,246 |
Housing Distribution
Address Breakdown
Residential
9,036
Single Family
8,583
Multi-Family
453
Businesses
404
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