7704 Hanover Pkwy APT 201, Greenbelt, MD, 20770 | 8.59% Rental Yield

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7704 Hanover Pkwy APT 201, Greenbelt, MD, 20770 | 8.59% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

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Investment Highlights

Investment property for sale in Greenbelt at 7704 Hanover Pkwy APT 201, Greenbelt, MD, 20770 offers a 8.59% rental yield on a $235,000 purchase with $1,682/mo rent. 36% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 66.37% and total cumulative return in cash at $51,700. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,682/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1974

N/A lot

$N/A/sqft

No HOA

More details about the property

Tax Record shows Unit 37. Physical Unit is 201 ***Welcome to the community of Greenbriar, close to several major commuting routes (Interstate 495, Pkwy. 295, Rte. 50 etc., Easy access to DC), Greenbelt/College Park METRO rail stations, parks, shopping areas/malls, and more! The condo fee, in addition to utilities, includes resident access to a Community Center with refreshing Olympic oversized pools that are monitored by onsite lifeguards. The recently renovated Club House is complete and provides a full kitchen for your special events. The grounds are beautifully manicured with picnic table seating, BBQ grills, Tennis, Volleyball, and a childrens play area for outdoor activity. This Condo has been marvelously updated! Freshly painted throughout, Updated bathrooms, New LED lights, Newer stackable washer-dryer, Stainless Steel appliances. The living room opens to a balcony for extra space to unwind and enjoy nature. This condo comes with a very generous storage area. The Condo Fee includes all utilities, common area upkeep and grounds maintenance. This two-bedroom, two-bathroom condominium includes a 3rd room/den/office (whatever you choose). The primary bedroom offers a spacious closet and private bath. The kitchen opens to the dining area with a spacious living room. Your second bedroom provides easy access to the second bath right across the hallway. Other features are generous closet space, a private parking pass along with available guest parking passes. Also nearby are the University of Maryland with public transportation, NASA, Doctors Hospital, Roosevelt High School, and much more! Unit #201 is also called Unit 37 and is your ticket to a home close to everything you could possibly need. Sold as-is but you wont be disappointed. An owner is a licensed Realtor. Sellers prefer Capitol Title Group. Thanks for showing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20770, Greenbelt, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,490 (100%)
Owner Occupied HU	4,749 (41.3%)
Renter Occupied HU	6,063 (52.8%)
Vacant Housing Units	678 ( 5.9%)
Median Home Value	$429,173
Average Home Value	$420,386

Housing Distribution

Address Breakdown

Residential

12,206

Single Family

4,507

Multi-Family

7,699

Businesses

816

Price History

Date	Event	Price
2025-04-19	Listed for sale	$235,000

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

Nearby investment properties with comparable rents

- Bed
1 Bath
434 sft

1954 Columbia Rd NW APT 812, Washington, DC, 20009

4 Bed
3 Bath
1932 sft

7201 Cross St, District Heights, MD, 20747

Currently Rented+ 1 more

1 Bed
1 Bath
637 sft

55 M St NW APT 406, Washington, DC, 20001

1 Bed
2 Bath
943 sft

301 N Beauregard St APT 1114, Alexandria, VA, 22312

Nearby investment properties with comparable prices

- Bed
1 Bath
434 sft

2939 Van Ness St NW APT 845, Washington, DC, 20008

- Bed
1 Bath
439 sft

3217 Wisconsin Ave NW APT 3B, Washington, DC, 20016

2 Bed
1 Bath
915 sft

3507 43rd Ave, Brentwood, MD, 20722

3 Bed
2 Bath
1289 sft

7512 Hawthorne St APT 3, Landover, MD, 20785

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1974
Architectural Style: Traditional
Building Area: 1,188
Living Area: 1,188 sqft
Property Condition: Very Good

Features & Amenities

Heating: Forced Air, Electric
Cooling: Central Air, Electric
Flooring: N/A
Interior Features: Floor Plan - Traditional, Combination Dining/Living
Exterior Features: N/A
Parking Features: Parking Lot

Location

City: Greenbelt
State: MD
Subdivision: Greenbriar Condo Phase I
Lot Size: N/A
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: Clubhouse, Common Grounds, Picnic Area, Pool, Volleyball Courts, Tennis Court(s), Tot Lots/Playground
Association Fee Includes: All Ground Fee, Electricity, Trash, Snow Removal, Water, Air Conditioning, Pool(s), Maintenance Grounds

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Maurice Purvis • HomeSmart

Mls Name: Bright MLS

Mls Provider: Mls

Mls ID: #MDPG2149272

Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc. [Click here for more information](/mls-disclaimers/#5632)

7704 Hanover Pkwy APT 201,Greenbelt,MD,20770

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

7704 Hanover Pkwy APT 201GreenbeltMD20770