16115 Spade RdHagerstownMD21740
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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 16115 Spade Rd, Hagerstown, MD, 21740 earns from $2,060/mo rent with a $2,373/mo payment. Total monthly income totals $2,060/mo. ROI tracks 12.78% on current figures, and rental yield reads 5.1% at a $484,900 purchase. Equity gained on principal adds $3,129/yr, and 5% annual appreciation supports $133,969 over five years. Five-year ROI reaches 64.64% and total cumulative return in cash sums $103,903. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,060/mo property income instead of your personal income.
Single Family
Built in 1960
8.88 Acres 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
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Listed by: Chris Dickerson • The Glocker Group Realty Results
Mls Name: Bright MLS
Mls ID: #MDWA2031002