4242 E West Hwy APT 307, Chevy Chase, MD, 20815 | $240/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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4242 E West Hwy APT 307, Chevy Chase, MD, 20815 | $240/mo Cash Flow | Ziffy

For Sale

Motivated Seller

Rental Income

Ziffy Mortgage

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

Investment property for sale in Chevy Chase at 4242 E West Hwy APT 307, Chevy Chase, MD, 20815 uses $86,190 cash to close to unlock $2,874/yr annual cash flow and $240/mo monthly cash flow. Total monthly income runs $1,857/mo, and a $1,273/mo payment keeps the spread at $240/mo. Purchase price stands at $260,000, and rental yield measures 8.57% with $1,857/mo rent. Return on cash invested shows 23.24% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 120.79% and total cumulative return in cash records $104,105. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,857/mo property income covering a $1,273/mo payment rather than investor’s personal income.

Condo

Built in 1966

N/A lot

$N/A/sqft

No HOA

More details about the property

Spacious, 1,060 square feet, 2 bedroom with a small den is ready for you at The Riviera of Chevy Chase! This unit comes with 2 GARAGE PARKING SPACES and a BALCONY. It's been freshly painted and has some new fixtures. It is perfect for a first-time home buyer. Or, ideal for an investor looking to get monthly rental income for $2500 in todays market. The condo fee includes ALL UTILITIES, pool, gym, sundeck, club room, 24/7 front desk, and on-site management. Laundry facilities are on every floor. There have been lots of recent building upgrades to the systems, elevators, hallways, and parking garage. BCC high school is across the street. It's an easy commute when youre a few blocks from Bethesda Metro, with red line to downtown DC, and Strathmore. The Capital Crescent Trail and Bethesda Row's up-scale shops and amazing restaurants are right down the street. The seller is very serious and not testing the market, so make an offer and move and before the end of the year!

Neighborhood Data

Neighborhood data shown for ZIP Code: 20815, Chevy Chase, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,595 (100%)
Owner Occupied HU	8,444 (57.9%)
Renter Occupied HU	5,001 (34.3%)
Vacant Housing Units	1,150 ( 7.9%)
Median Home Value	$1,296,465
Average Home Value	$1,355,746