4620 N Park Ave APT 1606E, Chevy Chase, MD, 20815 | $582/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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4620 N Park Ave APT 1606E, Chevy Chase, MD, 20815 | $582/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 4620 N Park Ave APT 1606E, Chevy Chase, MD, 20815 uses $142,214 cash to close to unlock $6,979/yr annual cash flow and $582/mo monthly cash flow. Total monthly income runs $3,250/mo, and a $2,100/mo payment keeps the spread at $582/mo. Purchase price stands at $429,000, and rental yield measures 9.09% with $3,250/mo rent. Return on cash invested shows 24.82% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 129.19% and total cumulative return in cash records $183,733. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,250/mo property income covering a $2,100/mo payment rather than investor’s personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA

More details about the property

Fully renovated 1BR +Den (Den is private - Ideal guest space, home office or convert to second bedroom - Even includes half bath, which can be converted to a full bath!). Large living room with balcony and unobstructed views that will take your breath away. Step onto the balcony and just fall in love with your new home! Beautifully renovated eat-in kitchen with sleek finishes A separate dining room which is perfect for entertaining. Spacious primate suite with more sensational views from floor to ceiling windows. And the renovated full bath feels like a spa with the all white aesthetic and crisp finishes. Excellent natural light and just a wonderful at home feeling from top to bottom. Great opportunity in this full-service building in the heart of Friendship Heights. 24 hour front desk, on site manager, gorgeous pool, gym, courtyard and so much more. Conveys with assigned parking and a garage level storage unit. This is it! A perfect 10!

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