501 Palmtree Dr APT 3, Gaithersburg, MD, 20878 | $765/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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501 Palmtree Dr APT 3, Gaithersburg, MD, 20878 | $765/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 Gaithersburg at 501 Palmtree Dr APT 3, Gaithersburg, MD, 20878 uses $89,174 cash to close to unlock $9,175/yr annual cash flow and $765/mo monthly cash flow. Total monthly income runs $2,438/mo, and a $1,317/mo payment keeps the spread at $765/mo. Purchase price stands at $269,000, and rental yield measures 10.88% with $2,438/mo rent. Return on cash invested shows 30.2% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 158.08% and total cumulative return in cash records $140,963. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,438/mo property income covering a $1,317/mo payment rather than investor’s personal income.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

This beautifully updated 2-bedroom, 2-bath condo in the Park Summit community offers modern comfort and unbeatable convenience in the heart of Gaithersburg. The home features wide-plank flooring throughout, abundant natural light from oversized windows, and a spacious open layout ideal for both everyday living and entertaining. The renovated kitchen includes quartz countertops, stainless steel LG appliances, a designer tile backsplash, and a breakfast bar with seating. Both bathrooms have been tastefully upgraded with modern fixtures and finishes. The primary suite features a large walk-in closet and en-suite bath, while the second bedroom is perfect for guests or a home office. Full-size in-unit laundry adds extra convenience. Just minutes from RIO and Downtown Crown, youll have easy access to some of Montgomery Countys best shopping, dining, and entertainment. Zoned for Fields Road ES, Ridgeview MS, and Quince Orchard HS, this location is also ideal for commuters with quick access to I-270, I-370, the ICC (MD-200), and Shady Grove Metro. Ample community parking is available just outside the building, and residents enjoy access to fantastic amenities including a swimming pool, tennis courts, tot lots, and scenic walking trails.

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