198 Cayots Corner RdChesapeake CityMD21915
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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 Chesapeake City at 198 Cayots Corner Rd, Chesapeake City, MD, 21915 earns $238/mo cash flow from $1,787/mo rent with a $1,219/mo payment. Total monthly income totals $1,787/mo, and annual cash flow totals $2,857/yr on $82,544 capital. ROI tracks 23.37% on current figures, and rental yield reads 8.61% at a $249,000 purchase. Equity gained on principal adds $1,607/yr, and 5% annual appreciation supports $68,794 over five years. Five-year ROI reaches 121.5% and total cumulative return in cash sums $100,292. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,787/mo property income instead of your personal income.
Single Family
Built in 1935
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21915, Chesapeake City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,660 (100%) |
| Owner Occupied HU | 1,157 (69.7%) |
| Renter Occupied HU | 203 (12.2%) |
| Vacant Housing Units | 300 (18.1%) |
| Median Home Value | $430,420 |
| Average Home Value | $451,891 |
Housing Distribution
Address Breakdown
Residential
1,442
Single Family
1,412
Multi-Family
30
Businesses
132
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Listed by: Anne Peoples • Patterson-Schwartz Real Estate
Mls Name: Bright MLS
Mls ID: #MDCC2020184