103 Square Rigger Way #103SolomonsMD20688
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow103 Square Rigger Way #103, Solomons, MD, 20688 in Solomons is a solid income-producing rental, 11.18% gross yield, $2,609/mo rent, $228/mo net cash flow on a $279,900 buy. DSCR 2.07 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $77,331 and $2,578/yr in principal reduction project a total cumulative return of $162,064.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 7.0% |
| Monthly Cash Flow | $228 | $850 |
City averages based on Solomons market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,609 |
| Total Monthly Debt Service | $1,629 |
| DSCR Ratio | 1.60x |
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 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20688, Solomons, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,360 (100%) |
| Owner Occupied HU | 766 (56.3%) |
| Renter Occupied HU | 346 (25.4%) |
| Vacant Housing Units | 248 (18.2%) |
| Median Home Value | $516,432 |
| Average Home Value | $611,540 |
Housing Distribution
Address Breakdown
Residential
1,166
Single Family
608
Multi-Family
558
Businesses
192
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 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20688, Solomons, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,360 (100%) |
| Owner Occupied HU | 766 (56.3%) |
| Renter Occupied HU | 346 (25.4%) |
| Vacant Housing Units | 248 (18.2%) |
| Median Home Value | $516,432 |
| Average Home Value | $611,540 |
Housing Distribution
Address Breakdown
Residential
1,166
Single Family
608
Multi-Family
558
Businesses
192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices