16944 Shinham 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 16944 Shinham Rd, Hagerstown, MD, 21740 listed at $269,900 pairs $2,204/mo rent with a $1,321/mo payment to leave $525/mo cash flow. Total monthly income runs $2,204/mo, and annual cash flow reaches $6,305/yr on $89,472 cash to close. Return on cash invested measures 26.96% in year one, and rental yield registers 9.8% at a $269,900 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,568 by year five. Five-year ROI tracks 140.7% and total cumulative return in cash totals $125,886. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,204/mo property income relative to a $1,321/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
0.82 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: Jake Statler • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #MDWA2033062