








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Hanover at 1508 Ridge Forest Way, Hanover, MD, 21076 listed at $749,000 pairs $3,749/mo rent with a $3,666/mo payment. Total monthly income runs $3,749/mo. Return on cash invested measures 15.63% in year one, and rental yield registers 6.01% at a $749,000 basis. Equity gained on principal adds $4,833/yr, and annual property appreciation at 5% supports $206,935 by year five. Five-year ROI tracks 79.91% and total cumulative return in cash totals $196,924. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,749/mo property income relative to a $3,666/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1995
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 21076, Hanover, MD area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,788 (100%) |
| Owner Occupied HU | 6,672 (61.8%) |
| Renter Occupied HU | 3,466 (32.1%) |
| Vacant Housing Units | 650 ( 6.0%) |
| Median Home Value | $519,950 |
| Average Home Value | $540,082 |
Residential
10,958
Single Family
8,300
Multi-Family
2,658
Businesses
1,127
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Marcie Gatton • Redfin Corp
Mls Name: Bright MLS
Mls ID: #MDAA2127086