724 Quince Orchard Blvd APT 202, Gaithersburg, MD, 20878 | $182/mo Cash Flow

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724 Quince Orchard Blvd APT 202, Gaithersburg, MD, 20878 | $182/mo Cash Flow | Ziffy

For Sale

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NMLS #2625701

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868 Quince Orchard Blvd APT 202, Gaithersburg, MD, 20878

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

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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 $2,181/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $1,488/mo, and a $1,028/mo payment keeps the spread at $182/mo. Purchase price stands at $210,000, and rental yield measures 8.5% with $1,488/mo rent. Return on cash invested shows 23.04% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 119.7% and total cumulative return in cash records $83,332. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,488/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

More details about the property

Don't miss this fully renovated two-bedroom, two-bath condo in the desirable Potomac Oaks Community. This light-filled, and freshly painted, upper level condo features new windows and sliding balcony door, new luxury vinyl plank flooring throughout, high end marble kitchen flooring, tiled and renovated Primary bath, renovated hall bath with LVP flooring, and a fabulous remodeled kitchen. The spacious living room opens seamlessly to a private balcony through newly updated sliding glass doors, filling the space with natural light. A separate dining area provides a welcoming spot for meals or gatherings. The renovated kitchen features white custom cabinets, granite counters, stainless steel appliances, and high end marble flooring. Both bedrooms offer generous closet space, and both the hall and Primary bathrooms are remodeled top to bottom. This vibrant community offers a swimming pool, clubhouse, tennis courts, basketball courts, and tot lots, all surrounded by beautifully landscaped grounds. The condo fee conveniently covers all utilitiesgas, electricity, and watermaking for stress-free living. Ideally located, just minutes from I-270, public transportation, Kentlands, and Quince Orchard Shopping Center, with endless dining, retail, and entertainment options nearby. Whether youre a first-time buyer, downsizing, or looking for an investment, this condo is a wonderful opportunity in a prime location. Plus... Mortgage savings may be available for buyers of this listing. Don't miss this one!!

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