15607 Old Coney Cemetery Rd SWLonaconingMD21539
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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
Rental property for sale in Lonaconing at 15607 Old Coney Cemetery Rd SW, Lonaconing, MD, 21539 generates $885/mo in rent and, after a $563/mo payment, leaves $170/mo in cash flow. Total monthly income is $885/mo, and annual cash flow is $2,035/yr on $38,122 invested. Return on cash invested sits at 25.25% in year one, and rental yield is 9.23% on a $114,999 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 131.57% and total cumulative return in cash sums $50,157. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $885/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
10,547 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21539, Lonaconing, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,201 (100%) |
| Owner Occupied HU | 762 (63.4%) |
| Renter Occupied HU | 275 (22.9%) |
| Vacant Housing Units | 164 (13.7%) |
| Median Home Value | $112,500 |
| Average Home Value | $205,974 |
Housing Distribution
Address Breakdown
Residential
1,098
Single Family
1,062
Multi-Family
36
Businesses
51
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Listed by: David Robertson • Better Homes & Gardens Real Estate Old Line Group
Mls Name: Bright MLS
Mls ID: #MDAL2013452