1231 Gemini Dr APT BAnnapolisMD21403
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
Investment Highlights
Investment property for sale in Annapolis at 1231 Gemini Dr APT B, Annapolis, MD, 21403 uses $81,218 cash to close to unlock $9,341/yr annual cash flow and $778/mo monthly cash flow. Total monthly income runs $2,302/mo, and a $1,199/mo payment keeps the spread at $778/mo. Purchase price stands at $245,000, and rental yield measures 11.28% with $2,302/mo rent. Return on cash invested shows 31.41% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 164.6% and total cumulative return in cash records $133,680. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,302/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices