1028 Adams Ave APT 2DSalisburyMD21804
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
Investment Highlights
Rental property for sale in Salisbury at 1028 Adams Ave APT 2D, Salisbury, MD, 21804 generates $1,305/mo in rent and, after a $563/mo payment, leaves $590/mo in cash flow. Total monthly income is $1,305/mo, and annual cash flow is $7,075/yr on $38,123 invested. Return on cash invested sits at 38.47% in year one, and rental yield is 13.62% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 202.49% and total cumulative return in cash sums $77,193. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,305/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21804, Salisbury, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,230 (100%) |
| Owner Occupied HU | 8,323 (45.7%) |
| Renter Occupied HU | 8,440 (46.3%) |
| Vacant Housing Units | 1,467 ( 8.0%) |
| Median Home Value | $273,376 |
| Average Home Value | $335,430 |
Housing Distribution
Address Breakdown
Residential
17,571
Single Family
15,361
Multi-Family
2,210
Businesses
1,023
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices