579 Lancaster PlFrederickMD21703
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow579 Lancaster Pl, Frederick, MD, 21703 in Frederick carries a 1.95 coverage ratio, rent of $2,840/mo is 1.95 times the $1,457/mo payment. Rental yield 10.52%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $324,000 acquisition price. No U.S. credit or income documentation required.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.6% |
| Monthly Cash Flow | $(7,573) | $285 |
City averages based on Frederick market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,840 |
| Total Monthly Debt Service | $10,285 |
| DSCR Ratio | 0.28x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1988
1,765 sqft lot
$N/A/sqft
$130 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21703, Frederick, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,079 (100%) |
| Owner Occupied HU | 11,278 (66.0%) |
| Renter Occupied HU | 5,112 (29.9%) |
| Vacant Housing Units | 689 ( 4.0%) |
| Median Home Value | $425,220 |
| Average Home Value | $488,306 |
Housing Distribution
Address Breakdown
Residential
16,391
Single Family
14,354
Multi-Family
2,037
Businesses
919
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1988
1,765 sqft lot
$N/A/sqft
$130 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21703, Frederick, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,079 (100%) |
| Owner Occupied HU | 11,278 (66.0%) |
| Renter Occupied HU | 5,112 (29.9%) |
| Vacant Housing Units | 689 ( 4.0%) |
| Median Home Value | $425,220 |
| Average Home Value | $488,306 |
Housing Distribution
Address Breakdown
Residential
16,391
Single Family
14,354
Multi-Family
2,037
Businesses
919
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices