10494 Rich Neck RdClaiborneMD21624
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.44% gross rental yield, 10494 Rich Neck Rd, Claiborne, MD, 21624 in Claiborne is priced for capital growth, not immediate cash flow. The $849,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $234,563 by year five, with $7,819/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.01) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $230,081.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.4% | 7.0% |
| Monthly Cash Flow | $(1,430) | $350 |
City averages based on Claiborne market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,851 |
| Total Monthly Debt Service | $4,943 |
| DSCR Ratio | 0.78x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1900
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21624, Claiborne, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 90 (100%) |
| Owner Occupied HU | 58 (64.4%) |
| Renter Occupied HU | 15 (16.7%) |
| Vacant Housing Units | 17 (18.9%) |
| Median Home Value | $730,769 |
| Average Home Value | $776,293 |
Housing Distribution
Address Breakdown
Residential
73
Single Family
1
Multi-Family
72
Businesses
1
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
Single Family
Built in 1900
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21624, Claiborne, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 90 (100%) |
| Owner Occupied HU | 58 (64.4%) |
| Renter Occupied HU | 15 (16.7%) |
| Vacant Housing Units | 17 (18.9%) |
| Median Home Value | $730,769 |
| Average Home Value | $776,293 |
Housing Distribution
Address Breakdown
Residential
73
Single Family
1
Multi-Family
72
Businesses
1
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices