702 Auburn Ave, Takoma Park, MD, 20912 | 2.48% Rental Yield

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702 Auburn Ave, Takoma Park, MD, 20912 | 2.48% Rental Yield | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Takoma Park at 702 Auburn Ave, Takoma Park, MD, 20912 priced at $919,900 pairs $1,904/mo rent with after a $4,502/mo payment. Total monthly income equals $1,904/mo. Return on cash invested is 4.93% in year one, and rental yield stands at 2.48% on a $919,900 basis. Equity gained on principal adds $5,936/yr, and 5% annual appreciation accumulates to $254,151 by year five. Five-year ROI measures 22.52% and total cumulative return in cash reaches $68,143. For financing, Ziffy Mortgage’s DSCR program evaluates $1,904/mo property income against a $4,502/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1940

5,013 sqft lot

$N/A/sqft

No HOA

More details about the property

Absolutely beautiful, fully updated 5 Bed, 3.5 Bath Colonial with large two-story bump-out addition in the South of Sligo section of Takoma Park. Featuring 2,000+ square feet on the main and upper levels plus an approved accessory lower-level apartment with separate entrance, full bath, and kitchen, you can offset your mortgage with rental income or convert it back to a rec room as you desire. *** 702 Auburn Ave is the perfect fusion of the charm of yesteryear with original details such as clinker bricks, solid core two-panel doors, arched wall niches, original moldings, and hardwoods all thoughtfully blended with modern features and improvements throughout including: updated kitchens and baths, granite counters, gas cooking, stainless steel appliances, an impressive primary bedroom suite with tall vaulted ceilingsensuite bathand generous walk-in closet, a fresh palate of paint, stunning refinished hardwood floors, new deck, sunroom, large family room with exposed brick wall, relined wood burning fireplace for cool winter evenings, architectural roof, double-paned windows, tankless hot water heater, tons of storage, off-street parking, fenced-in yard, and abundant natural light from southern facing windows. *** Set on a lovely street in a super convenient location just a little over a mile to the Metro and walking distance to all the amazing shops, restaurants, and farmers market in Old Town as well as the library, nearby parks, trails, etc. Open Houses Saturday, November 1 and Sunday, November 2 from 2-4pm. Do not miss this one!

Neighborhood Data

Neighborhood data shown for ZIP Code: 20912, Takoma Park, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,181 (100%)
Owner Occupied HU	4,539 (44.6%)
Renter Occupied HU	5,184 (50.9%)
Vacant Housing Units	458 ( 4.5%)
Median Home Value	$762,250
Average Home Value	$787,597