107 W Chestnut StSt MichaelsMD21663
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
Rental property for sale in St Michaels at 107 W Chestnut St, St Michaels, MD, 21663 priced at $1,350,000 pairs $2,520/mo rent with after a $6,608/mo payment. Total monthly income equals $2,520/mo. Return on cash invested is 4.25% in year one, and rental yield stands at 2.24% on a $1,350,000 basis. Equity gained on principal adds $8,711/yr, and 5% annual appreciation accumulates to $372,980 by year five. Five-year ROI measures 18.8% and total cumulative return in cash reaches $82,241. For financing, Ziffy Mortgage’s DSCR program evaluates $2,520/mo property income against a $6,608/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21663, Saint Michaels, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,116 (100%) |
| Owner Occupied HU | 1,125 (53.2%) |
| Renter Occupied HU | 394 (18.6%) |
| Vacant Housing Units | 597 (28.2%) |
| Median Home Value | $691,382 |
| Average Home Value | $890,696 |
Housing Distribution
Address Breakdown
Residential
1,549
Single Family
1,549
Multi-Family
0
Businesses
211
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Nearby investment properties with comparable prices
Listed by: Dawn Lednum • Chesapeake Bay Real Estate Plus, LLC
Mls Name: Bright MLS
Mls ID: #MDTA2012552