123 Spruce LnAnnapolisMD21403
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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
Rental property for sale in Annapolis at 123 Spruce Ln, Annapolis, MD, 21403 offers $3,731/mo rent that, after a $4,009/mo payment. Total monthly income is $3,731/mo. Return on cash invested measures 13.99% in year one, and rental yield stands at 5.47% at a $819,000 entry. Equity gained on principal adds $5,285/yr while 5% annual appreciation compounds into $226,275 by year five. Five-year ROI records 71.1% and total cumulative return in cash reaches $191,589. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,731/mo property income versus a $4,009/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21403, Annapolis, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,308 (100%) |
| Owner Occupied HU | 8,614 (60.2%) |
| Renter Occupied HU | 4,389 (30.7%) |
| Vacant Housing Units | 1,305 ( 9.1%) |
| Median Home Value | $651,444 |
| Average Home Value | $764,644 |
Housing Distribution
Address Breakdown
Residential
13,952
Single Family
10,117
Multi-Family
3,835
Businesses
800
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