4601 N Park Ave APT 1605, Chevy Chase, MD, 20815 | $233/mo Cash Flow

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4601 N Park Ave APT 1605, Chevy Chase, MD, 20815 | $233/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 1605, Chevy Chase, MD, 20815 offers a 8.48% rental yield on a $275,000 purchase with $1,943/mo rent. Total monthly income registers $1,943/mo, and a $1,346/mo payment leaves $233/mo available for distribution. Annual cash flow reaches $2,792/yr on $91,163 to close, and return on cash invested stands at 22.97% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 119.31% and total cumulative return in cash at $108,767. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,943/mo property income against a $1,346/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

Sun-filled and beautifully maintained, this one-bedroom, one-bath condo is perfect for first-time homebuyers and savvy investors alike (easy to rent!). Welcome to your dream home in The Elizabeth Condominium, a prestigious high-rise nestled in the heart of the City of Chevy Chase . This 16th floor unit features sweeping panoramic views, generous closet space, fresh paint, tasteful updates in the kitchen and bathroom, new light fixtures, in-unit washer and dryer, and a coveted assigned INDOOR GARAGE PARKING spot. Pet friendly, one per unit. All utilities are included in the monthly fee. Inside The Elizabeth, residents are treated to a suite of resort-style amenities, with a front desk concierge, on-site management which stays for long hours, indoor heated swimming pool, gym, party room, Elizabeth deli and convenience store, hair/nail salon, and other doctor offices which you an access from right inside your building. A free shuttle stops at your door taking you to Whole Foods, Friendship Heights Metro Station, and the community center. Just steps from the Villages shops, fine dining, and everyday conveniences, this is condo living at its bestjust minutes from DC.

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