5500 Friendship Blvd APT 2429N, Chevy Chase, MD, 20815 | $141/mo Cash Flow

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5500 Friendship Blvd APT 2429N, Chevy Chase, MD, 20815 | $141/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 5500 Friendship Blvd APT 2429N, Chevy Chase, MD, 20815 offers a 8.29% rental yield on a $205,000 purchase with $1,416/mo rent. Total monthly income registers $1,416/mo, and a $1,003/mo payment leaves $141/mo available for distribution. Annual cash flow reaches $1,696/yr on $67,958 to close, and return on cash invested stands at 22.41% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 116.32% and total cumulative return in cash at $79,050. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,416/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1968

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to The Willoughby in Friendship Heights! This bright and efficient studio condo offers 510 sq ft of comfortable living in one of Chevy Chases most sought-after full-service buildings. Perched on the 24th floor, the home enjoys great natural light and a flexible open layout, perfect for a first home, pied--terre, or investment. Inside the unit, youll find a well-designed living space with ample storage and a functional kitchen, ready for your personal touch. All utilities are included in the monthly condo fee, making living here both convenient and affordable. Building amenities include 24/7 concierge service, a rooftop pool and sun deck, fitness center, on-site convenience store, library, party room, and an in-house restaurant. A complimentary building shuttle makes shopping and commuting simple. Unbeatable location: just steps to Friendship Heights Metro, Whole Foods, Amazon Fresh, Bloomingdales, and a wide array of dining and retail options. Youll enjoy the very best of city living right at your doorstep.

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