104 Magnolia DrElktonMD21921
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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 Elkton at 104 Magnolia Dr, Elkton, MD, 21921 uses $122,622 cash to close to unlock $4,739/yr annual cash flow and $395/mo monthly cash flow. Total monthly income runs $2,695/mo, and a $1,810/mo payment keeps the spread at $395/mo. Purchase price stands at $369,900, and rental yield measures 8.74% with $2,695/mo rent. Return on cash invested shows 23.77% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 123.6% and total cumulative return in cash records $151,558. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,695/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Townhouse
Built in 2022
3,485 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21921, Elkton, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,232 (100%) |
| Owner Occupied HU | 12,221 (63.5%) |
| Renter Occupied HU | 5,679 (29.5%) |
| Vacant Housing Units | 1,332 ( 6.9%) |
| Median Home Value | $352,617 |
| Average Home Value | $392,461 |
Housing Distribution
Address Breakdown
Residential
17,982
Single Family
17,763
Multi-Family
219
Businesses
995
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