7202 Good Luck RdLanhamMD20706
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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 Lanham at 7202 Good Luck Rd, Lanham, MD, 20706 uses $139,827 cash to close to unlock $22,369/yr annual cash flow and $1,864/mo monthly cash flow. Total monthly income runs $4,488/mo, and a $2,065/mo payment keeps the spread at $1,864/mo. Purchase price stands at $421,800, and rental yield measures 12.77% with $4,488/mo rent. Return on cash invested shows 35.91% in year one, and 5% annual appreciation builds toward $116,536 over five years. Five-year ROI reaches 188.7% and total cumulative return in cash records $263,852. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,488/mo property income covering a $2,065/mo payment rather than investor’s personal income.
Single Family
Built in 1967
6,533 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20706, Lanham, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,915 (100%) |
| Owner Occupied HU | 9,673 (64.9%) |
| Renter Occupied HU | 4,605 (30.9%) |
| Vacant Housing Units | 637 ( 4.3%) |
| Median Home Value | $441,375 |
| Average Home Value | $463,194 |
Housing Distribution
Address Breakdown
Residential
14,734
Single Family
11,879
Multi-Family
2,855
Businesses
1,383
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