650 Heather Ridge Dr #12LFrederickMD21702
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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 650 Heather Ridge Dr #12L, Frederick, MD, 21702 earns $649/mo cash flow from $2,089/mo rent with a $916/mo payment. Total monthly income totals $2,089/mo, and annual cash flow totals $7,784/yr on $62,024 capital. ROI tracks 32.46% on current figures, and rental yield reads 13.4% at a $187,100 purchase. Equity gained on principal adds $1,207/yr, and 5% annual appreciation supports $51,692 over five years. Five-year ROI reaches 172.14% and total cumulative return in cash sums $106,766. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,089/mo property income instead of your personal income.
Condo
Built in 1984
976 sqft lot
$N/A/sqft
$237 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21702, Frederick, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,989 (100%) |
| Owner Occupied HU | 12,184 (61.0%) |
| Renter Occupied HU | 6,992 (35.0%) |
| Vacant Housing Units | 813 ( 4.1%) |
| Median Home Value | $466,678 |
| Average Home Value | $529,447 |
Housing Distribution
Address Breakdown
Residential
18,650
Single Family
14,874
Multi-Family
3,776
Businesses
1,101
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