10 Coventry CtOcean PinesMD21811
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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
Rental property for sale in Ocean Pines at 10 Coventry Ct, Ocean Pines, MD, 21811 generates $2,476/mo in rent, after a $2,349/mo payment. Total monthly income is $2,476/mo. Return on cash invested sits at 16.07% in year one, and rental yield is 6.19% on a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 82.32% and total cumulative return in cash sums $130,953. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,476/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21811, Berlin, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,557 (100%) |
| Owner Occupied HU | 8,949 (54.0%) |
| Renter Occupied HU | 2,329 (14.1%) |
| Vacant Housing Units | 5,279 (31.9%) |
| Median Home Value | $402,871 |
| Average Home Value | $482,648 |
Housing Distribution
Address Breakdown
Residential
13,440
Single Family
11,760
Multi-Family
1,680
Businesses
837
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Listed by: Sharon Daugherty • Keller Williams Realty Delmarva
Mls Name: Bright MLS
Mls ID: #MDWO2035846