1622 Hardwick Ct UNIT 201HanoverMD21076
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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 Hanover at 1622 Hardwick Ct UNIT 201, Hanover, MD, 21076 earns $580/mo cash flow from $2,731/mo rent with a $1,693/mo payment. Total monthly income totals $2,731/mo, and annual cash flow totals $6,956/yr on $114,666 capital. ROI tracks 25.98% on current figures, and rental yield reads 9.47% at a $345,900 purchase. Equity gained on principal adds $2,232/yr, and 5% annual appreciation supports $95,566 over five years. Five-year ROI reaches 135.43% and total cumulative return in cash sums $155,291. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,731/mo property income instead of your personal income.
Condo
Built in 2011
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21076, Hanover, MD area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,958
Single Family
8,300
Multi-Family
2,658
Businesses
1,127
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