127 Michaels WayElktonMD21921
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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 Elkton at 127 Michaels Way, Elkton, MD, 21921 uses $102,434 cash to close to unlock $7,891/yr annual cash flow and $658/mo monthly cash flow. Total monthly income runs $2,579/mo, and a $1,512/mo payment keeps the spread at $658/mo. Purchase price stands at $309,000, and rental yield measures 10.02% with $2,579/mo rent. Return on cash invested shows 27.61% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 144.19% and total cumulative return in cash records $147,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,579/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,982
Single Family
17,763
Multi-Family
219
Businesses
995
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