1104 Back Creek Loop #1104, Solomons, MD, 20688 | $40/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Solomons at 1104 Back Creek Loop #1104, Solomons, MD, 20688 generates $2,340/mo in rent and, after a $1,810/mo payment, leaves $40/mo in cash flow. Total monthly income is $2,340/mo, and annual cash flow is $479/yr on $122,622 invested. Return on cash invested sits at 20.3% in year one, and rental yield is 7.59% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 104.96% and total cumulative return in cash sums $128,710. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,340/mo property income rather than buyer’s personal income.

Condo

Built in 1989

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 20688, Solomons, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,360 (100%)
Owner Occupied HU	766 (56.3%)
Renter Occupied HU	346 (25.4%)
Vacant Housing Units	248 (18.2%)
Median Home Value	$516,432
Average Home Value	$611,540