








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Frederick at 714 Iron Forge Rd #D, Frederick, MD, 21702 offers a 7.94% rental yield on a $390,515 purchase with $2,584/mo rent. Total monthly income registers $2,584/mo, and a $1,911/mo payment leaves $156/mo available for distribution. Annual cash flow reaches $1,867/yr on $129,456 to close, and return on cash invested stands at 21.35% in year one. Equity gained on principal adds $2,520/yr while 5% annual appreciation supports $107,892 over five years. Portfolio math shows five-year ROI at 110.62% and total cumulative return in cash at $143,198. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,584/mo property income against a $1,911/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 21702, Frederick, MD area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,989 (100%) |
| Owner Occupied HU | 12,184 (61.0%) |
| Renter Occupied HU | 6,992 (35.0%) |
| Vacant Housing Units | 813 ( 4.1%) |
| Median Home Value | $466,678 |
| Average Home Value | $529,447 |
Residential
18,650
Single Family
14,874
Multi-Family
3,776
Businesses
1,101
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Melissa Lambert • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #MDFR2072928