6024 Westchester Park Dr APT 202College ParkMD20740
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 6024 Westchester Park Dr APT 202, College Park, MD, 20740 in College Park is listed at $175,000 and delivers $1,393/mo in rent and $305/mo in net monthly cash flow. The 9.55% yield and 1.77 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $48,349 over five years, and $1,612/yr in principal reduction supplements cash return. Total projected cumulative return: $86,013.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $305 | $350 |
City averages based on College Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,393 |
| Total Monthly Debt Service | $1,019 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1967
2,445 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20740, College Park, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,847 (100%) |
| Owner Occupied HU | 4,516 (32.6%) |
| Renter Occupied HU | 7,178 (51.8%) |
| Vacant Housing Units | 2,153 (15.5%) |
| Median Home Value | $457,910 |
| Average Home Value | $489,001 |
Housing Distribution
Address Breakdown
Residential
11,318
Single Family
5,622
Multi-Family
5,696
Businesses
722
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
Condo
Built in 1967
2,445 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20740, College Park, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,847 (100%) |
| Owner Occupied HU | 4,516 (32.6%) |
| Renter Occupied HU | 7,178 (51.8%) |
| Vacant Housing Units | 2,153 (15.5%) |
| Median Home Value | $457,910 |
| Average Home Value | $489,001 |
Housing Distribution
Address Breakdown
Residential
11,318
Single Family
5,622
Multi-Family
5,696
Businesses
722
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anne Johnson • Compass
Mls Name: Bright MLS
Mls ID: #MDPG2182382