1040 Ocean PkwyOcean PinesMD21811
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
Investment property for sale in Ocean Pines at 1040 Ocean Pkwy, Ocean Pines, MD, 21811 earns $397/mo cash flow from $2,636/mo rent with a $1,762/mo payment. Total monthly income totals $2,636/mo, and annual cash flow totals $4,764/yr on $119,340 capital. ROI tracks 23.9% on current figures, and rental yield reads 8.79% at a $360,000 purchase. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 over five years. Five-year ROI reaches 124.28% and total cumulative return in cash sums $148,317. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,636/mo property income instead of your personal income.
Single Family
Built in 2000
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21811, Berlin, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,557 (100%) |
| Owner Occupied HU | 8,949 (54.0%) |
| Renter Occupied HU | 2,329 (14.1%) |
| Vacant Housing Units | 5,279 (31.9%) |
| Median Home Value | $402,871 |
| Average Home Value | $482,648 |
Housing Distribution
Address Breakdown
Residential
13,440
Single Family
11,760
Multi-Family
1,680
Businesses
837
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Listed by: Christopher DiGristine • Berkshire Hathaway HomeServices PenFed Realty-WOC
Mls Name: Bright MLS
Mls ID: #MDWO2031868