7608 Locust LnFort WashingtonMD20744
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 7608 Locust Ln, Fort Washington, MD, 20744 in Fort Washington deserves attention. This $340,000 property earns $3,145/mo in rent, a 11.1% gross yield, and nets $1,031/mo after the $1,529/mo payment. DSCR 2.06 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $93,936 compounds alongside $3,131/yr in yearly equity build, for a total cumulative return of $195,287.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 5.8% |
| Monthly Cash Flow | $1,031 | $1,800 |
City averages based on Fort Washington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,145 |
| Total Monthly Debt Service | $1,979 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20744, Fort Washington, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,711 (100%) |
| Owner Occupied HU | 14,856 (71.7%) |
| Renter Occupied HU | 4,802 (23.2%) |
| Vacant Housing Units | 1,053 ( 5.1%) |
| Median Home Value | $479,321 |
| Average Home Value | $505,591 |
Housing Distribution
Address Breakdown
Residential
19,826
Single Family
17,564
Multi-Family
2,262
Businesses
497
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1962
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20744, Fort Washington, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,711 (100%) |
| Owner Occupied HU | 14,856 (71.7%) |
| Renter Occupied HU | 4,802 (23.2%) |
| Vacant Housing Units | 1,053 ( 5.1%) |
| Median Home Value | $479,321 |
| Average Home Value | $505,591 |
Housing Distribution
Address Breakdown
Residential
19,826
Single Family
17,564
Multi-Family
2,262
Businesses
497
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices