10 Ericsson Ave #37BettertonMD21610
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 10 Ericsson Ave #37, Betterton, MD, 21610 in Betterton. Priced at $315,000, it generates $2,890/mo in gross rent and $516/mo in net monthly cash flow, a 11.01% yield that comfortably supports the 2.04 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,197. Five-year appreciation: $87,029. Equity from principal paydown: $2,901/yr. Total projected cumulative return: $179,422.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 7.0% |
| Monthly Cash Flow | $516 | $250 |
City averages based on Betterton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,890 |
| Total Monthly Debt Service | $1,834 |
| DSCR Ratio | 1.58x |
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.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21610, Betterton, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 357 (100%) |
| Owner Occupied HU | 140 (39.2%) |
| Renter Occupied HU | 26 ( 7.3%) |
| Vacant Housing Units | 191 (53.5%) |
| Median Home Value | $380,488 |
| Average Home Value | $435,964 |
Housing Distribution
Address Breakdown
Residential
144
Single Family
144
Multi-Family
0
Businesses
13
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
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21610, Betterton, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 357 (100%) |
| Owner Occupied HU | 140 (39.2%) |
| Renter Occupied HU | 26 ( 7.3%) |
| Vacant Housing Units | 191 (53.5%) |
| Median Home Value | $380,488 |
| Average Home Value | $435,964 |
Housing Distribution
Address Breakdown
Residential
144
Single Family
144
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices