1 Dock St UNIT 204CrisfieldMD21817
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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 Crisfield at 1 Dock St UNIT 204, Crisfield, MD, 21817 with 5% annual appreciation on a $254,000 basis while $2,502/mo rent supports operations. Total monthly income totals $2,502/mo and a $1,243/mo payment preserves $922/mo for cash returns. Annual cash flow comes to $11,069/yr on $84,201 deployed, and return on cash invested reaches 33.06% in year one. Equity gained on principal adds $1,639/yr, and five-year appreciation sums $70,176 alongside rental yield of 11.82%. Five-year ROI measures 173.41% and total cumulative return in cash totals $146,010.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,502/mo property income versus a $1,243/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21817, Crisfield, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,733 (100%) |
| Owner Occupied HU | 1,261 (46.1%) |
| Renter Occupied HU | 778 (28.5%) |
| Vacant Housing Units | 694 (25.4%) |
| Median Home Value | $181,944 |
| Average Home Value | $263,981 |
Housing Distribution
Address Breakdown
Residential
2,488
Single Family
2,395
Multi-Family
93
Businesses
180
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