1655 Old Elk Neck Rd, Elkton, MD, 21921 | $1,219/mo Cash Flow

For Sale

Listed for sale 5 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Elkton at 1655 Old Elk Neck Rd, Elkton, MD, 21921 generates $3,862/mo in rent and, after a $2,080/mo payment, leaves $1,219/mo in cash flow. Total monthly income is $3,862/mo, and annual cash flow is $14,627/yr on $140,888 invested. Return on cash invested sits at 30.29% in year one, and rental yield is 10.9% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 158.55% and total cumulative return in cash sums $223,373. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,862/mo property income rather than buyer’s personal income.

Single Family

Built in 1977

2.20 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 21921, Elkton, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,232 (100%)
Owner Occupied HU	12,221 (63.5%)
Renter Occupied HU	5,679 (29.5%)
Vacant Housing Units	1,332 ( 6.9%)
Median Home Value	$352,617
Average Home Value	$392,461