4601 N Park Ave APT 1118, Chevy Chase, MD, 20815 | $340/mo Cash Flow

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4601 N Park Ave APT 1118, Chevy Chase, MD, 20815 | $340/mo Cash Flow | Ziffy

For Sale

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 4601 N Park Ave APT 1118, Chevy Chase, MD, 20815 offers a 8.19% rental yield on a $565,000 purchase with $3,854/mo rent. Total monthly income registers $3,854/mo, and a $2,765/mo payment leaves $340/mo available for distribution. Annual cash flow reaches $4,084/yr on $185,885 to close, and return on cash invested stands at 22.26% in year one. Equity gained on principal adds $3,646/yr while 5% annual appreciation supports $156,099 over five years. Portfolio math shows five-year ROI at 115.46% and total cumulative return in cash at $214,623. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,854/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1975

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 4601 N Park Ave, unit 1118 a beautifully renovated corner unit offering sweeping treetop views and refined modern living. This spacious 2-bedroom, 2-bath condo is filled with natural light, upscale finishes and attractive built-ins throughout. The open-concept kitchen features marble countertops, a farmhouse sink, and seamlessly integrated appliancesincluding a hidden washer/dryer and dishwasherfor a sleek, uncluttered look. The combined living and dining room flows gracefully from the kitchen to your private balcony and provides lovely space to welcome guests, enjoy private time for morning coffee or winding down above the trees. The serene primary suite includes a spa-like bath with a generous walk-in shower and ample storage. The large, second bedroom, with a full bath directly across the hall, can be comfortably used as an office, project room, den or second bedroom. Located in The Elizabeth, a full-service building with top-tier amenities: 24-hour concierge, indoor pool, fitness center, indoor and outdoor party space, a large courtyard and more. All utilities are included in the condo feeelectric, gas, heat, A/C, water, sewer, indoor pool, fitness center, and common area maintenance. Pet-friendly with a deeded, tandem garage space accommodating two vehicles and additional free guest parking. Walk or take the community shuttle bus to nearby shops, restaurants, and Friendship Heights Metro. Urban living with comfort, convenience, and a view.

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