120 E Irvin AveHagerstownMD21742
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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
Investment Highlights
Investment property for sale in Hagerstown at 120 E Irvin Ave, Hagerstown, MD, 21742 with 5% annual appreciation on a $399,900 basis while $2,824/mo rent supports operations. Total monthly income totals $2,824/mo and a $1,957/mo payment preserves $337/mo for cash returns. Annual cash flow comes to $4,046/yr on $132,567 deployed, and return on cash invested reaches 22.96% in year one. Equity gained on principal adds $2,580/yr, and five-year appreciation sums $110,485 alongside rental yield of 8.47%. Five-year ROI measures 119.28% and total cumulative return in cash totals $158,120.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,824/mo property income versus a $1,957/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1923
10,764 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21742, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,303 (100%) |
| Owner Occupied HU | 9,197 (64.3%) |
| Renter Occupied HU | 4,190 (29.3%) |
| Vacant Housing Units | 916 ( 6.4%) |
| Median Home Value | $347,065 |
| Average Home Value | $391,442 |
Housing Distribution
Address Breakdown
Residential
14,152
Single Family
12,576
Multi-Family
1,576
Businesses
762
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Listed by: Alena Kirillov • RE/MAX Plus
Mls Name: Bright MLS
Mls ID: #MDWA2033750