404 Ridgepoint Pl APT 12GaithersburgMD20878
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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 Gaithersburg at 404 Ridgepoint Pl APT 12, Gaithersburg, MD, 20878 offers a 9.94% rental yield on a $365,000 purchase with $3,024/mo rent. Total monthly income registers $3,024/mo, and a $1,786/mo payment leaves $754/mo available for distribution. Annual cash flow reaches $9,053/yr on $120,998 to close, and return on cash invested stands at 27.39% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 143.02% and total cumulative return in cash at $173,047. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,024/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
25,808
Single Family
18,639
Multi-Family
7,169
Businesses
1,096
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Listed by: Marian Rosaaen • Compass
Mls Name: Bright MLS
Mls ID: #MDMC2194068