6502 Lake Park Dr APT 203GreenbeltMD20770
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 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
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 |
Housing Distribution
Address Breakdown
Residential
12,206
Single Family
4,507
Multi-Family
7,699
Businesses
816
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices