116 Michaels Way, Elkton, MD, 21921 | $167/mo Cash Flow

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116 Michaels Way, Elkton, MD, 21921 | $167/mo Cash Flow | Ziffy

Off market

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

Investment property for sale in Elkton at 116 Michaels Way, Elkton, MD, 21921 with 5% annual appreciation on a $320,100 basis while $2,158/mo rent supports operations. Total monthly income totals $2,158/mo and a $1,567/mo payment preserves $167/mo for cash returns. Annual cash flow comes to $2,002/yr on $106,113 deployed, and return on cash invested reaches 21.8% in year one. Equity gained on principal adds $2,066/yr, and five-year appreciation sums $88,438 alongside rental yield of 8.09%. Five-year ROI measures 113.01% and total cumulative return in cash totals $119,914.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,158/mo property income versus a $1,567/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

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 - and you can move in as early as October 2025. This fully-completed end townhome is move-in ready with 3 bedrooms, 2.5 bathrooms, and 1,220 square feet of living space, this home offers comfort, style, and value. Inside, you'll find luxury vinyl plank flooring throughout the main level, a spacious kitchen island, and white linen 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 includes a 3-piece plumbing rough-in, offering future potential for added living space. Set on an oversized, corner homesite, this home also includes a rear 10x 10 deck, perfect for outdoor relaxation. 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