724 Quince Orchard Blvd APT 202GaithersburgMD20878
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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 Gaithersburg at 724 Quince Orchard Blvd APT 202, Gaithersburg, MD, 20878 uses $69,615 cash to close to unlock $2,073/yr annual cash flow and $173/mo monthly cash flow. Total monthly income runs $1,479/mo, and a $1,028/mo payment keeps the spread at $173/mo. Purchase price stands at $210,000, and rental yield measures 8.45% with $1,479/mo rent. Return on cash invested shows 22.89% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 118.86% and total cumulative return in cash records $82,744. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,479/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20878, Gaithersburg, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,989 (100%) |
| Owner Occupied HU | 16,942 (65.2%) |
| Renter Occupied HU | 7,976 (30.7%) |
| Vacant Housing Units | 1,071 ( 4.1%) |
| Median Home Value | $773,183 |
| Average Home Value | $802,412 |
Housing Distribution
Address Breakdown
Residential
25,808
Single Family
18,639
Multi-Family
7,169
Businesses
1,096
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Listed by: Claudia MacDonald • Redfin Corp
Mls Name: Bright MLS
Mls ID: #MDMC2206810