619 Himes Ave APT 105, Frederick, MD, 21703 | $182/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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619 Himes Ave APT 105, Frederick, MD, 21703 | $182/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 619 Himes Ave APT 105, Frederick, MD, 21703 offers a 8.43% rental yield on a $225,000 purchase with $1,581/mo rent. Total monthly income registers $1,581/mo, and a $1,101/mo payment leaves $182/mo available for distribution. Annual cash flow reaches $2,182/yr on $74,588 to close, and return on cash invested stands at 22.84% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 118.57% and total cumulative return in cash at $88,437. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,581/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1990

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 619 Himes Avenue, #105, conveniently close to downtown Frederick's vibrant shops and restaurants! This charming two-bedroom, two-bathroom unit boasts an inviting open floor plan that's perfect for modern living. Step inside to discover a spacious kitchen adorned with ample cabinet space, The kitchen also features a delightful breakfast bar, ideal for sipping morning coffee or enjoying a quick meal. Entertain guests in the large living room, where there's plenty of space for gatherings and relaxation. Need a spot for a formal dining area or home office? No problem! This condo offers a versatile bonus space that's just right for your needs. Retreat to the generously sized primary suite, complete with a walk-in closet for all your storage needs. And when it's time to unwind, step out onto the patio equipped with a cozy porch swing the perfect spot to dive into a good book. With its convenient location near downtown Frederick, you'll have easy access to an array of shops, restaurants, and entertainment options. Don't miss out on the opportunity to make this fabulous condo your new home sweet home! Close to 15 and I-70.

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