600 Heather Ridge Dr #G-11G, Frederick, MD, 21702 | $280/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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600 Heather Ridge Dr #G-11G, Frederick, MD, 21702 | $280/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 Frederick at 600 Heather Ridge Dr #G-11G, Frederick, MD, 21702 uses $56,322 cash to close to unlock $3,359/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $1,337/mo, and a $832/mo payment keeps the spread at $280/mo. Purchase price stands at $169,900, and rental yield measures 9.44% with $1,337/mo rent. Return on cash invested shows 25.87% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 134.85% and total cumulative return in cash records $75,950. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,337/mo property income covering a $832/mo payment rather than investor’s personal income.

Condo

Built in 1984

N/A lot

$N/A/sqft

No HOA

More details about the property

Adorable second floor condo with deck overlooking common area. New carpet and fresh paint accent the open floor plan of this 2 bedroom, 2 bath home. Large master with private master bath and walk in closet. Within walking distance to schools and shopping.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21702, Frederick, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,989 (100%)
Owner Occupied HU	12,184 (61.0%)
Renter Occupied HU	6,992 (35.0%)
Vacant Housing Units	813 ( 4.1%)
Median Home Value	$466,678
Average Home Value	$529,447