10896 Boyer AveNew MarketMD21774
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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 New Market at 10896 Boyer Ave, New Market, MD, 21774 uses $120,998 cash to close to unlock $3,161/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $2,533/mo, and a $1,786/mo payment keeps the spread at $263/mo. Purchase price stands at $365,000, and rental yield measures 8.33% with $2,533/mo rent. Return on cash invested shows 22.52% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 116.9% and total cumulative return in cash records $141,451. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,533/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21774, New Market, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,012 (100%) |
| Owner Occupied HU | 5,924 (84.5%) |
| Renter Occupied HU | 680 ( 9.7%) |
| Vacant Housing Units | 408 ( 5.8%) |
| Median Home Value | $585,254 |
| Average Home Value | $611,240 |
Housing Distribution
Address Breakdown
Residential
6,634
Single Family
6,634
Multi-Family
0
Businesses
218
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Listed by: Ashley Mulloy • Freedom Realty LLC
Mls Name: Bright MLS
Mls ID: #MDFR2069488