2010 McGinnes Rd, Chestertown, MD, 21620 | $738/mo Cash Flow

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2010 McGinnes Rd, Chestertown, MD, 21620 | $738/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Chestertown at 2010 McGinnes Rd, Chestertown, MD, 21620 listed at $359,900 pairs $2,977/mo rent with a $1,762/mo payment to leave $738/mo cash flow. Total monthly income runs $2,977/mo, and annual cash flow reaches $8,858/yr on $119,307 cash to close. Return on cash invested measures 27.33% in year one, and rental yield registers 9.93% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 142.73% and total cumulative return in cash totals $170,282. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,977/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1962

2.08 Acres lot

$N/A/sqft

No HOA

More details about the property

This property features a 3-bedroom, 1-full-bathroom home with a detached 3-car garage and sits on 2.08 acres. The primary bedroom opens out to a new covered deck. The seller has completed several updates including a new roof, encapsulated crawlspace, updated back deck, regraded and add new stone to the driveway, and installed a new HVAC system. The property also features a 50-amp camper hookup. This property is zoned village center zoned. Conveniently located, it is in close proximity to Chestertown and Route 301, with easy access to Middletown and Annapolis.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21620, Chestertown, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,256 (100%)
Owner Occupied HU	3,591 (57.4%)
Renter Occupied HU	1,696 (27.1%)
Vacant Housing Units	969 (15.5%)
Median Home Value	$373,354
Average Home Value	$477,344