144 Fairground AveHagerstownMD21740
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
Rental property for sale in Hagerstown at 144 Fairground Ave, Hagerstown, MD, 21740 priced at $234,500 converts $1,748/mo rent into $289/mo cash flow after a $1,148/mo obligation. Total monthly income equals $1,748/mo, and annual cash flow totals $3,471/yr on $77,737 invested. Return on cash invested prints 24.37% in year one, and rental yield reads 8.94% against a $234,500 entry. Equity gained on principal adds $1,513/yr, while 5% annual appreciation compiles into $64,788 by year five. Five-year ROI reaches 126.88% and total cumulative return in cash sums $98,632. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,748/mo property income covering a $1,148/mo payment, not borrower’s personal income.
Multi Family
Built in 1908
3,360 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21740, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,521 (100%) |
| Owner Occupied HU | 14,671 (51.4%) |
| Renter Occupied HU | 11,531 (40.4%) |
| Vacant Housing Units | 2,319 ( 8.1%) |
| Median Home Value | $288,026 |
| Average Home Value | $345,481 |
Housing Distribution
Address Breakdown
Residential
26,569
Single Family
22,946
Multi-Family
3,623
Businesses
2,422
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam Kohn • Century 21 Redwood Realty
Mls Name: Bright MLS
Mls ID: #MDWA2029244