17 Mariners Way #2StevensvilleMD21666
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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
Rental property for sale in Stevensville at 17 Mariners Way #2, Stevensville, MD, 21666 priced at $275,900 converts $1,982/mo rent into $266/mo cash flow after a $1,350/mo obligation. Total monthly income equals $1,982/mo, and annual cash flow totals $3,197/yr on $91,461 invested. Return on cash invested prints 23.4% in year one, and rental yield reads 8.62% against a $275,900 entry. Equity gained on principal adds $1,780/yr, while 5% annual appreciation compiles into $76,226 by year five. Five-year ROI reaches 121.63% and total cumulative return in cash sums $111,245. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,982/mo property income covering a $1,350/mo payment, not borrower’s personal income.
Townhouse
Built in 1973
458 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21666, Stevensville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,767 (100%) |
| Owner Occupied HU | 4,807 (83.4%) |
| Renter Occupied HU | 520 ( 9.0%) |
| Vacant Housing Units | 440 ( 7.6%) |
| Median Home Value | $536,306 |
| Average Home Value | $671,212 |
Housing Distribution
Address Breakdown
Residential
5,679
Single Family
5,451
Multi-Family
228
Businesses
616
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Listed by: Kenny Smith, Sr. • Up-County Realty, Inc.
Mls Name: Bright MLS
Mls ID: #MDQA2015948