128 Michaels Way, Elkton, MD, 21921 | $261/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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128 Michaels Way, Elkton, MD, 21921 | $261/mo Cash Flow | 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

Investment property for sale in Elkton at 128 Michaels Way, Elkton, MD, 21921 with 5% annual appreciation on a $304,990 basis while $2,158/mo rent supports operations. Total monthly income totals $2,158/mo and a $1,493/mo payment preserves $261/mo for cash returns. Annual cash flow comes to $3,131/yr on $101,104 deployed, and return on cash invested reaches 23.01% in year one. Equity gained on principal adds $1,968/yr, and five-year appreciation sums $84,263 alongside rental yield of 8.49%. Five-year ROI measures 119.49% and total cumulative return in cash totals $120,811.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,158/mo property income versus a $1,493/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Townhouse

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

A new home, ready for you to move in March 2026! Welcome to the Juniper at Grey Mount Commons, the only new townhomes in Elkton. Minutes to Newark, DE, with easy access to I-95 and Route 40. This beautifully designed end townhome offers 3 spacious bedrooms, 2.5 baths, and 1,220 square feet of modern living space. This home is situated on an oversized corner homesite with no rear neighbors and backs to open space, providing both privacy and scenic views. Step into a bright and open kitchen featuring upgraded White Linen cabinetry, a central kitchen island perfect for entertaining, chrome fixtures, and gas cooking. All appliances are included-even the refrigerator-making your move-in seamless. Enjoy outdoor living on the included 12x8 Trex deck, ideal for relaxing or hosting guests. Inside, you'll find luxury vinyl plank flooring throughout the main level, a convenient included washer and dryer, and an unfinished basement offering plenty of storage or future finishing potential. This home maximizes interior space and functionality. This home is already under construction-choose this home today to enjoy watching it being built just for you! Don't miss your chance to own this thoughtfully upgraded home in a peaceful setting - schedule your tour today!

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