105 63rd St UNIT 201Ocean CityMD21842
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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 Ocean City at 105 63rd St UNIT 201, Ocean City, MD, 21842 listed at $524,000 pairs $2,992/mo rent with a $2,565/mo payment. Total monthly income runs $2,992/mo. Return on cash invested measures 18.2% in year one, and rental yield registers 6.85% at a $524,000 basis. Equity gained on principal adds $3,381/yr, and annual property appreciation at 5% supports $144,772 by year five. Five-year ROI tracks 93.68% and total cumulative return in cash totals $161,503. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,992/mo property income relative to a $2,565/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21842, Ocean City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,930 (100%) |
| Owner Occupied HU | 4,053 (12.3%) |
| Renter Occupied HU | 1,593 ( 4.8%) |
| Vacant Housing Units | 27,284 (82.9%) |
| Median Home Value | $504,097 |
| Average Home Value | $573,881 |
Housing Distribution
Address Breakdown
Residential
7,594
Single Family
6,265
Multi-Family
1,329
Businesses
1,500
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Listed by: karina pippin • Patterson-Schwartz-Rehoboth
Mls Name: Bright MLS
Mls ID: #MDWO2033652