7 Granite Pl UNIT 215GaithersburgMD20878
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 7 Granite Pl UNIT 215, Gaithersburg, MD, 20878 in Gaithersburg earns a 8.77% gross yield at $311,000. Rent of $2,274/mo nets $340/mo after the $1,398/mo mortgage. The 1.63 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $85,924 and $2,864/yr in equity accumulation project a total cumulative return of $139,852.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 5.1% |
| Monthly Cash Flow | $340 | $1,850 |
City averages based on Gaithersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,274 |
| Total Monthly Debt Service | $1,811 |
| DSCR Ratio | 1.26x |
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 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20878, Gaithersburg, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,989 (100%) |
| Owner Occupied HU | 16,942 (65.2%) |
| Renter Occupied HU | 7,976 (30.7%) |
| Vacant Housing Units | 1,071 ( 4.1%) |
| Median Home Value | $773,183 |
| Average Home Value | $802,412 |
Housing Distribution
Address Breakdown
Residential
25,808
Single Family
18,639
Multi-Family
7,169
Businesses
1,096
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 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20878, Gaithersburg, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,989 (100%) |
| Owner Occupied HU | 16,942 (65.2%) |
| Renter Occupied HU | 7,976 (30.7%) |
| Vacant Housing Units | 1,071 ( 4.1%) |
| Median Home Value | $773,183 |
| Average Home Value | $802,412 |
Housing Distribution
Address Breakdown
Residential
25,808
Single Family
18,639
Multi-Family
7,169
Businesses
1,096
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeremy Rosenthal • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #MDMC2207914