1305 The TerHagerstownMD21742
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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 Hagerstown at 1305 The Ter, Hagerstown, MD, 21742 offers a 8.09% rental yield on a $387,000 purchase with $2,608/mo rent. Total monthly income registers $2,608/mo, and a $1,894/mo payment leaves $201/mo available for distribution. Annual cash flow reaches $2,415/yr on $128,291 to close, and return on cash invested stands at 21.79% in year one. Equity gained on principal adds $2,497/yr while 5% annual appreciation supports $106,921 over five years. Portfolio math shows five-year ROI at 113% and total cumulative return in cash at $144,974. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,608/mo property income against a $1,894/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
9,814 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21742, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,303 (100%) |
| Owner Occupied HU | 9,197 (64.3%) |
| Renter Occupied HU | 4,190 (29.3%) |
| Vacant Housing Units | 916 ( 6.4%) |
| Median Home Value | $347,065 |
| Average Home Value | $391,442 |
Housing Distribution
Address Breakdown
Residential
14,152
Single Family
12,576
Multi-Family
1,576
Businesses
762
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Listed by: Bob Marsh • Marsh Realty
Mls Name: Bright MLS
Mls ID: #MDWA2033766