111 Michaels Way, Elkton, MD, 21921 | $230/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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111 Michaels Way, Elkton, MD, 21921 | $230/mo Cash Flow | Ziffy

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 Elkton at 111 Michaels Way, Elkton, MD, 21921 offers $2,158/mo rent that, after a $1,517/mo payment, leaves $230/mo cash flow. Total monthly income is $2,158/mo, and annual cash flow is $2,763/yr on $102,762 cash. Return on cash invested measures 22.6% in year one, and rental yield stands at 8.35% at a $309,990 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,645 by year five. Five-year ROI records 117.34% and total cumulative return in cash reaches $120,580. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,158/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Don't sign another lease before you check out this quick move-in home, offering amazing value and modern living just minutes from everything you need. This Juniper townhome is will be ready for move in April 2026 and features 3 bedrooms, 2.5 bathrooms, and 1,220 square feet of living space. Inside, you'll find a spacious kitchen island, and maple 36" cabinetry paired with chrome fixtures and stainless steel appliances, including a washer and dryer. The owner's bath features white cultured marble countertops, adding a clean and elegant touch. The unfinished walkout basement, offers future potential for added living space. With no rear neighbors, this home features some of the best views in the community. Enjoy your views of the open space out back, with no rear neighbors. With upgraded finishes, flexible space, and a prime location, the Juniper is a perfect opportunity for first-time buyers or anyone ready to stop renting. Schedule your tour today and make it yours!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21921, Elkton, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,232 (100%)
Owner Occupied HU	12,221 (63.5%)
Renter Occupied HU	5,679 (29.5%)
Vacant Housing Units	1,332 ( 6.9%)
Median Home Value	$352,617
Average Home Value	$392,461