104 Iris RdChestertownMD21620
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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 Chestertown at 104 Iris Rd, Chestertown, MD, 21620 listed at $379,000 pairs $3,476/mo rent with a $1,855/mo payment to leave $1,119/mo cash flow. Total monthly income runs $3,476/mo, and annual cash flow reaches $13,426/yr on $125,639 cash to close. Return on cash invested measures 30.6% in year one, and rental yield registers 11.01% at a $379,000 basis. Equity gained on principal adds $2,446/yr, and annual property appreciation at 5% supports $104,711 by year five. Five-year ROI tracks 160.19% and total cumulative return in cash totals $201,263. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,476/mo property income relative to a $1,855/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21620, Chestertown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,256 (100%) |
| Owner Occupied HU | 3,591 (57.4%) |
| Renter Occupied HU | 1,696 (27.1%) |
| Vacant Housing Units | 969 (15.5%) |
| Median Home Value | $373,354 |
| Average Home Value | $477,344 |
Housing Distribution
Address Breakdown
Residential
5,889
Single Family
5,427
Multi-Family
462
Businesses
634
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Listed by: Retha Arrabal • Doug Ashley Realtors, LLC
Mls Name: Bright MLS
Mls ID: #MDQA2015798