6922 Hanover Pkwy #1GreenbeltMD20770
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 6922 Hanover Pkwy #1, Greenbelt, MD, 20770 in Greenbelt. Priced at $183,400, it generates $2,360/mo in gross rent and $559/mo in net monthly cash flow, a 15.44% yield that comfortably supports the 2.86 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,709. Five-year appreciation: $50,670. Equity from principal paydown: $1,689/yr. Total projected cumulative return: $108,416.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.4% | 6.3% |
| Monthly Cash Flow | $559 | $450 |
City averages based on Greenbelt market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,360 |
| Total Monthly Debt Service | $1,728 |
| DSCR Ratio | 1.37x |
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.
Condo
Built in 1974
1,420 sqft lot
$N/A/sqft
$609 monthly 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
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
Condo
Built in 1974
1,420 sqft lot
$N/A/sqft
$609 monthly 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