11279 Central AveRidgelyMD21660
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 11279 Central Ave, Ridgely, MD, 21660 in Ridgely hard to pass up. The 10.72% gross yield on a $260,000 purchase results in $2,323/mo in rent and $706/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.99). Annual cash flow of $8,474, five-year appreciation of $71,833, and $2,395/yr in equity build-up combine for a projected total cumulative return of $144,081.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 5.8% |
| Monthly Cash Flow | $706 | $220 |
City averages based on Ridgely market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,323 |
| Total Monthly Debt Service | $1,514 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1977
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21660, Ridgely, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,618 (100%) |
| Owner Occupied HU | 1,161 (71.8%) |
| Renter Occupied HU | 337 (20.8%) |
| Vacant Housing Units | 120 ( 7.4%) |
| Median Home Value | $350,195 |
| Average Home Value | $367,097 |
Housing Distribution
Address Breakdown
Residential
1,503
Single Family
1,503
Multi-Family
0
Businesses
125
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 1977
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21660, Ridgely, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,618 (100%) |
| Owner Occupied HU | 1,161 (71.8%) |
| Renter Occupied HU | 337 (20.8%) |
| Vacant Housing Units | 120 ( 7.4%) |
| Median Home Value | $350,195 |
| Average Home Value | $367,097 |
Housing Distribution
Address Breakdown
Residential
1,503
Single Family
1,503
Multi-Family
0
Businesses
125
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices