708 62nd AveCapitol HeightsMD20743
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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 Capitol Heights at 708 62nd Ave, Capitol Heights, MD, 20743 offers a 8.79% rental yield on a $550,000 purchase with $4,028/mo rent. Total monthly income registers $4,028/mo, and a $2,692/mo payment leaves $607/mo available for distribution. Annual cash flow reaches $7,287/yr on $180,950 to close, and return on cash invested stands at 24.09% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 125.27% and total cumulative return in cash at $226,678. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,028/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1909
9,375 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20743, Capitol Heights, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,846 (100%) |
| Owner Occupied HU | 10,155 (60.3%) |
| Renter Occupied HU | 5,681 (33.7%) |
| Vacant Housing Units | 1,010 ( 6.0%) |
| Median Home Value | $363,975 |
| Average Home Value | $386,914 |
Housing Distribution
Address Breakdown
Residential
15,931
Single Family
12,527
Multi-Family
3,404
Businesses
1,161
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Listed by: Lina Guerra Flores • Elite Properties, Inc.
Mls Name: Bright MLS
Mls ID: #MDPG2189714