51 Steeplechase DrLa PlataMD20646
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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
Investment Highlights
Rental property for sale in La Plata at 51 Steeplechase Dr, La Plata, MD, 20646 priced at $419,000 pairs $3,592/mo rent with $986/mo cash flow after a $2,051/mo payment. Total monthly income equals $3,592/mo, and annual cash flow comes to $11,830/yr on $138,899 invested. Return on cash invested is 28.43% in year one, and rental yield stands at 10.29% on a $419,000 basis. Equity gained on principal adds $2,704/yr, and 5% annual appreciation accumulates to $115,762 by year five. Five-year ROI measures 148.56% and total cumulative return in cash reaches $206,345. For financing, Ziffy Mortgage’s DSCR program evaluates $3,592/mo property income against a $2,051/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2015
2,697 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20646, La Plata, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,606 (100%) |
| Owner Occupied HU | 6,894 (80.1%) |
| Renter Occupied HU | 1,353 (15.7%) |
| Vacant Housing Units | 359 ( 4.2%) |
| Median Home Value | $485,791 |
| Average Home Value | $513,060 |
Housing Distribution
Address Breakdown
Residential
8,242
Single Family
7,917
Multi-Family
325
Businesses
809
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