6516 60th AveRiverdaleMD20737
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 6516 60th Ave, Riverdale, MD, 20737 in Riverdale worth modelling. At $539,000 with a 7.74% gross yield, the $3,478/mo rent leaves $125/mo after the $2,424/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.43 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $148,916 by year five; $4,964/yr in principal reduction adds further equity. Total projected return: $212,526.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 5.5% |
| Monthly Cash Flow | $125 | $300 |
City averages based on Riverdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,478 |
| Total Monthly Debt Service | $3,138 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2016
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20737, Riverdale, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,242 (100%) |
| Owner Occupied HU | 3,569 (49.3%) |
| Renter Occupied HU | 3,323 (45.9%) |
| Vacant Housing Units | 350 ( 4.8%) |
| Median Home Value | $432,164 |
| Average Home Value | $450,485 |
Housing Distribution
Address Breakdown
Residential
6,880
Single Family
4,013
Multi-Family
2,867
Businesses
372
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
Single Family
Built in 2016
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20737, Riverdale, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,242 (100%) |
| Owner Occupied HU | 3,569 (49.3%) |
| Renter Occupied HU | 3,323 (45.9%) |
| Vacant Housing Units | 350 ( 4.8%) |
| Median Home Value | $432,164 |
| Average Home Value | $450,485 |
Housing Distribution
Address Breakdown
Residential
6,880
Single Family
4,013
Multi-Family
2,867
Businesses
372
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices