6627 24th PlHyattsvilleMD20782
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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 Hyattsville at 6627 24th Pl, Hyattsville, MD, 20782 uses $99,417 cash to close to unlock $8,516/yr annual cash flow and $710/mo monthly cash flow. Total monthly income runs $2,575/mo, and a $1,468/mo payment keeps the spread at $710/mo. Purchase price stands at $299,900, and rental yield measures 10.3% with $2,575/mo rent. Return on cash invested shows 28.47% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 148.82% and total cumulative return in cash records $147,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,575/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1956
3,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20782, Hyattsville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,484 (100%) |
| Owner Occupied HU | 5,387 (37.2%) |
| Renter Occupied HU | 7,837 (54.1%) |
| Vacant Housing Units | 1,260 ( 8.7%) |
| Median Home Value | $512,540 |
| Average Home Value | $526,845 |
Housing Distribution
Address Breakdown
Residential
13,479
Single Family
6,754
Multi-Family
6,725
Businesses
600
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Listed by: Melvin Yates II • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #MDPG2189128