118 Little Harbor Way UNIT 201, Chestertown, MD, 21620 | 4.65% Rental Yield

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118 Little Harbor Way UNIT 201, Chestertown, MD, 21620 | 4.65% Rental Yield | 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

Total monthly income runs $2,696/mo, and a $3,402/mo payment. Purchase price stands at $695,000, and rental yield measures 4.65% with $2,696/mo rent. Return on cash invested shows 11.52% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 57.89% and total cumulative return in cash records $132,366. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,696/mo property income covering a $3,402/mo payment rather than investor’s personal income.

Condo

Built in 2009

N/A lot

$N/A/sqft

No HOA

More details about the property

An impeccably maintained, perfectly positioned two bedroom, two and one-half bath condo featuring one of the best vistas of Chestertown and Chester River. It is nearly impossible for the body, mind and spirit of its residents and guests not to be "in a good place" on the cloudiest or most challenging of days. River House, with only five private residences, occupies the best real estate within this prized, friendly and well managed neighborhood called Chester River Landing. Historic downtown Chestertown and the Chester River Yacht & Country club are less than 2 minutes away, when you need a break from your enclave that includes marina, grill patio, crabbing/fishing pier, beach area for kayak launch, waterfront green space with fire pit, community garden, and pool with pool house. Unit 201 includes a 1 car garage with overhead storage racks and a deeded premium boat slip. A unique feature of this home is a custom HVAC and air quality system, ideal for anyone with seasonal allergies, chemical sensitivities, or just appreciative of quality air and healthy living. An added bonus will be the newly designed and refurbished building entry and common areas! New GE range, LG and 03 Pure Eco Laundry System installed 2025.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21620, Chestertown, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,256 (100%)
Owner Occupied HU	3,591 (57.4%)
Renter Occupied HU	1,696 (27.1%)
Vacant Housing Units	969 (15.5%)
Median Home Value	$373,354
Average Home Value	$477,344