1017 Ironwood LnHanoverMD21076
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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 Hanover at 1017 Ironwood Ln, Hanover, MD, 21076 offers a 8.27% rental yield on a $509,000 purchase with $3,506/mo rent. Total monthly income registers $3,506/mo, and a $2,491/mo payment leaves $341/mo available for distribution. Annual cash flow reaches $4,087/yr on $167,461 to close, and return on cash invested stands at 22.5% in year one. Equity gained on principal adds $3,285/yr while 5% annual appreciation supports $140,627 over five years. Portfolio math shows five-year ROI at 116.75% and total cumulative return in cash at $195,517. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,506/mo property income against a $2,491/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2010
1,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21076, Hanover, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,788 (100%) |
| Owner Occupied HU | 6,672 (61.8%) |
| Renter Occupied HU | 3,466 (32.1%) |
| Vacant Housing Units | 650 ( 6.0%) |
| Median Home Value | $519,950 |
| Average Home Value | $540,082 |
Housing Distribution
Address Breakdown
Residential
10,958
Single Family
8,300
Multi-Family
2,658
Businesses
1,127
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