718 Iron Forge Rd UNIT BFrederickMD21702
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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 Frederick at 718 Iron Forge Rd UNIT B, Frederick, MD, 21702 with 5% annual appreciation on a $417,722 basis while $2,584/mo rent supports operations. 78% in year one. Equity gained on principal adds $2,695/yr, and five-year appreciation sums $115,409 alongside rental yield of 7.42%. Five-year ROI measures 102.21% and total cumulative return in cash totals $141,540. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,584/mo property income versus a $2,045/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21702, Frederick, MD area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
18,650
Single Family
14,874
Multi-Family
3,776
Businesses
1,101
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