601 Frederick St #603HagerstownMD21740
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
Investment Highlights
Total monthly income runs $1,655/mo, and a $1,762/mo payment. Purchase price stands at $359,900, and rental yield measures 5.52% with $1,655/mo rent. Return on cash invested shows 14.04% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 71.42% and total cumulative return in cash records $85,214. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,655/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
6,728 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21740, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,521 (100%) |
| Owner Occupied HU | 14,671 (51.4%) |
| Renter Occupied HU | 11,531 (40.4%) |
| Vacant Housing Units | 2,319 ( 8.1%) |
| Median Home Value | $288,026 |
| Average Home Value | $345,481 |
Housing Distribution
Address Breakdown
Residential
26,569
Single Family
22,946
Multi-Family
3,623
Businesses
2,422
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alice Guy • Real Estate Innovations
Mls Name: Bright MLS
Mls ID: #MDWA2032956