6502 Lake Park Dr APT 203, Greenbelt, MD, 20770 | $747/mo Cash Flow

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6502 Lake Park Dr APT 203, Greenbelt, MD, 20770 | $747/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 Greenbelt at 6502 Lake Park Dr APT 203, Greenbelt, MD, 20770 offers a 10.55% rental yield on a $289,990 purchase with $2,550/mo rent. Total monthly income registers $2,550/mo, and a $1,419/mo payment leaves $747/mo available for distribution. Annual cash flow reaches $8,961/yr on $96,132 to close, and return on cash invested stands at 29.23% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,119 over five years. Portfolio math shows five-year ROI at 152.87% and total cumulative return in cash at $146,953. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,550/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1999

N/A lot

$N/A/sqft

No HOA

More details about the property

This beautiful 2 bedroom, 2 bathroom condo at 6502 Lake Park Drive #203, Greenbelt, MD is an unique opportunity to own a meticulously maintained home with an enviable location. Located in a secure building in the desirable Greenbelt Lake Village community, this unit is truly a gem, being offered for sale by its original owner. Step inside to discover a bright and sunny open-concept layout. You'll immediately notice the spacious main living areas. The kitchen is expansive and well laid out. The large master bedroom includes a walk-in closet with custom shelving and a door that leads to a private screened balcony, offering tranquil views of the trees backing the property. The renovated ensuite master bathroom offers an oversized custom tiled shower for your enjoyment. The second bedroom and other fully renovated bathroom are located on the opposite side of the condo. Enjoy your morning coffee or evening cocktails on the screened balcony, a peaceful haven surrounded by nature and offering a quiet escape. Additional features include a separate sunroom, perfect for use as a den or office space. The unit is equipped with a full-size washer and dryer for your convenience. The owner has recently replaced the windows, water heater and hvac so you have the peace of mind of knowing the major components have been replaced This community offers a multitude of amenities, including a swimming pool, walking/jogging paths, a fitness center, and a community center. This beautiful home comes with one assigned parking space and additional visitor spots are available Don't miss this opportunity to own a piece of Greenbelt paradise! Contact us today to schedule a showing

Neighborhood Data

Neighborhood data shown for ZIP Code: 20770, Greenbelt, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,490 (100%)
Owner Occupied HU	4,749 (41.3%)
Renter Occupied HU	6,063 (52.8%)
Vacant Housing Units	678 ( 5.9%)
Median Home Value	$429,173
Average Home Value	$420,386