1601 Glen AveSalisburyMD21804
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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 Salisbury at 1601 Glen Ave, Salisbury, MD, 21804 uses $74,588 cash to close to unlock $6,802/yr annual cash flow and $567/mo monthly cash flow. Total monthly income runs $1,966/mo, and a $1,101/mo payment keeps the spread at $567/mo. Purchase price stands at $225,000, and rental yield measures 10.49% with $1,966/mo rent. Return on cash invested shows 29.03% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 151.79% and total cumulative return in cash records $113,217. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,966/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21804, Salisbury, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,230 (100%) |
| Owner Occupied HU | 8,323 (45.7%) |
| Renter Occupied HU | 8,440 (46.3%) |
| Vacant Housing Units | 1,467 ( 8.0%) |
| Median Home Value | $273,376 |
| Average Home Value | $335,430 |
Housing Distribution
Address Breakdown
Residential
17,571
Single Family
15,361
Multi-Family
2,210
Businesses
1,023
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