129 Parma RdChestertownMD21620
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 Chestertown at 129 Parma Rd, Chestertown, MD, 21620 at $330,000 posts ROI 31.34% with $1,042/mo cash flow from $3,094/mo rent. Total monthly income equals $3,094/mo, and annual cash flow records $12,501/yr on $109,395 to close. Return on cash invested measures 31.34% and rental yield reads 11.25% at the current $330,000. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,173 by year five. Five-year ROI prints 164.15% and total cumulative return in cash totals $179,567.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,094/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1985
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21620, Chestertown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,256 (100%) |
| Owner Occupied HU | 3,591 (57.4%) |
| Renter Occupied HU | 1,696 (27.1%) |
| Vacant Housing Units | 969 (15.5%) |
| Median Home Value | $373,354 |
| Average Home Value | $477,344 |
Housing Distribution
Address Breakdown
Residential
5,889
Single Family
5,427
Multi-Family
462
Businesses
634
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Listed by: Roger Boyce • Chesapeake Real Estate Associates, LLC
Mls Name: Bright MLS
Mls ID: #MDQA2015862