6709 Melville PlChevy ChaseMD20815
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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 Chevy Chase at 6709 Melville Pl, Chevy Chase, MD, 20815 listed at $1,495,000 pairs $6,029/mo rent with a $7,317/mo payment. Total monthly income runs $6,029/mo. Return on cash invested measures 12.27% in year one, and rental yield registers 4.84% at a $1,495,000 basis. Equity gained on principal adds $9,647/yr, and annual property appreciation at 5% supports $413,041 by year five. Five-year ROI tracks 61.83% and total cumulative return in cash totals $299,497. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,029/mo property income relative to a $7,317/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1932
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20815, Chevy Chase, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,595 (100%) |
| Owner Occupied HU | 8,444 (57.9%) |
| Renter Occupied HU | 5,001 (34.3%) |
| Vacant Housing Units | 1,150 ( 7.9%) |
| Median Home Value | $1,296,465 |
| Average Home Value | $1,355,746 |
Housing Distribution
Address Breakdown
Residential
14,727
Single Family
7,754
Multi-Family
6,973
Businesses
683
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Listed by: Denny Horner • RLAH @properties
Mls Name: Bright MLS
Mls ID: #MDMC2206846