6117 Springwater Pl APT 1723, Frederick, MD, 21701 | $961/mo Cash Flow

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6117 Springwater Pl APT 1723, Frederick, MD, 21701 | $961/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 6117 Springwater Pl APT 1723, Frederick, MD, 21701 listed at $274,900 pairs $2,670/mo rent with a $1,346/mo payment to leave $961/mo cash flow. Total monthly income runs $2,670/mo, and annual cash flow reaches $11,529/yr on $91,129 cash to close. Return on cash invested measures 32.56% in year one, and rental yield registers 11.66% at a $274,900 basis. Equity gained on principal adds $1,774/yr, and annual property appreciation at 5% supports $75,950 by year five. Five-year ROI tracks 170.72% and total cumulative return in cash totals $155,571. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,670/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1998

N/A lot

$N/A/sqft

No HOA

More details about the property

Light-Filled 2 Bedroom, 2 Bath Condo in Sought-After Spring Ridge! Welcome home to this bright and inviting second-level condo that offers true zero-step entry- no stairs required from the secure building entrance! With an open layout, abundant natural light, and a private balcony, this home offers comfort, convenience, and easy living all on one level. The spacious living room features a charming bay window and a natural gas fireplace, creating a warm and welcoming atmosphere. The living area flows seamlessly into the eat-in kitchen, which offers generous cabinet and counter space, great natural light, and sliding door access to the balcony, perfect for morning coffee or outdoor relaxing. The primary bedroom suite includes its own bay window, a walk-in closet, and a full bath with a shower. A second bedroom, an additional full bath, and a separate laundry closet complete the layout. Located within the vibrant Spring Ridge community, you'll enjoy an array of amenities including walking and jogging paths, community pools, playgrounds, tennis and basketball courts, and soccer fields. All of this, just minutes from major commuter routes, shopping, dining, and all that Frederick has to offer. This is easy, convenient living in an amenity-rich community-don't miss it!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21701, Frederick, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,662 (100%)
Owner Occupied HU	12,253 (62.3%)
Renter Occupied HU	6,116 (31.1%)
Vacant Housing Units	1,293 ( 6.6%)
Median Home Value	$483,205
Average Home Value	$539,479