607 Himes Ave UNIT 102FrederickMD21703
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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
Investment Highlights
Investment property for sale in Frederick at 607 Himes Ave UNIT 102, Frederick, MD, 21703 uses $82,842 cash to close to unlock $6,611/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $2,105/mo, and a $1,223/mo payment keeps the spread at $551/mo. Purchase price stands at $249,900, and rental yield measures 10.11% with $2,105/mo rent. Return on cash invested shows 27.89% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 145.68% and total cumulative return in cash records $120,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,105/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
No 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
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