999 Heather Ridge Dr UNIT 2LFrederickMD21702
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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 Frederick at 999 Heather Ridge Dr UNIT 2L, Frederick, MD, 21702 offers a 9.21% rental yield on a $160,000 purchase with $1,228/mo rent. Total monthly income registers $1,228/mo, and a $783/mo payment leaves $233/mo available for distribution. Annual cash flow reaches $2,796/yr on $53,040 to close, and return on cash invested stands at 25.18% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 131.13% and total cumulative return in cash at $69,554. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,228/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21702, Frederick, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,989 (100%) |
| Owner Occupied HU | 12,184 (61.0%) |
| Renter Occupied HU | 6,992 (35.0%) |
| Vacant Housing Units | 813 ( 4.1%) |
| Median Home Value | $466,678 |
| Average Home Value | $529,447 |
Housing Distribution
Address Breakdown
Residential
18,650
Single Family
14,874
Multi-Family
3,776
Businesses
1,101
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