112 Concove WayHavre De GraceMD21078
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing112 Concove Way, Havre De Grace, MD, 21078 in Havre De Grace is a stable, well-positioned rental at $340,000. Rental yield 6.95%. DSCR 1.29 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $93,936 in value and $3,131/yr in principal paydown builds equity, a total projected return of $119,543.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.2% |
| Monthly Cash Flow | $(147) | $800 |
City averages based on Havre De Grace market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,968 |
| Total Monthly Debt Service | $1,979 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1986
6,882 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21078, Havre De Grace, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,099 (100%) |
| Owner Occupied HU | 6,294 (69.2%) |
| Renter Occupied HU | 2,219 (24.4%) |
| Vacant Housing Units | 586 ( 6.4%) |
| Median Home Value | $445,721 |
| Average Home Value | $488,694 |
Housing Distribution
Address Breakdown
Residential
8,782
Single Family
8,082
Multi-Family
700
Businesses
591
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
Single Family
Built in 1986
6,882 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21078, Havre De Grace, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,099 (100%) |
| Owner Occupied HU | 6,294 (69.2%) |
| Renter Occupied HU | 2,219 (24.4%) |
| Vacant Housing Units | 586 ( 6.4%) |
| Median Home Value | $445,721 |
| Average Home Value | $488,694 |
Housing Distribution
Address Breakdown
Residential
8,782
Single Family
8,082
Multi-Family
700
Businesses
591
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel McGhee • Homeowners Real Estate
Mls Name: Bright MLS
Mls ID: #MDHR2051394