7622 Carissa LnLaurelMD20707
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Laurel rental at 7622 Carissa Ln, Laurel, MD, 20707 sits in the solid-income band: 9.41% gross yield, $2,978/mo rent, $599/mo net after the $1,708/mo debt service, DSCR 1.74. Entry price of $379,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $104,959 and $3,499/yr in principal reduction bring total cumulative return to $183,717.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 5.2% |
| Monthly Cash Flow | $599 | $1,850 |
City averages based on Laurel market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,978 |
| Total Monthly Debt Service | $2,212 |
| DSCR Ratio | 1.35x |
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 1977
2,340 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20707, Laurel, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,875 (100%) |
| Owner Occupied HU | 8,466 (53.3%) |
| Renter Occupied HU | 6,620 (41.7%) |
| Vacant Housing Units | 789 ( 5.0%) |
| Median Home Value | $507,151 |
| Average Home Value | $561,046 |
Housing Distribution
Address Breakdown
Residential
15,719
Single Family
9,632
Multi-Family
6,087
Businesses
1,314
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 1977
2,340 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20707, Laurel, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,875 (100%) |
| Owner Occupied HU | 8,466 (53.3%) |
| Renter Occupied HU | 6,620 (41.7%) |
| Vacant Housing Units | 789 ( 5.0%) |
| Median Home Value | $507,151 |
| Average Home Value | $561,046 |
Housing Distribution
Address Breakdown
Residential
15,719
Single Family
9,632
Multi-Family
6,087
Businesses
1,314
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices