203 Secretariat Dr UNIT HHavre De GraceMD21078
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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 Havre De Grace at 203 Secretariat Dr UNIT H, Havre De Grace, MD, 21078 priced at $285,000 converts $2,306/mo rent into $533/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,306/mo, and annual cash flow totals $6,400/yr on $94,478 invested. Return on cash invested prints 26.68% in year one, and rental yield reads 9.71% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 139.24% and total cumulative return in cash sums $131,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,306/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21078, Havre De Grace, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,099 (100%) |
| Owner Occupied HU | 6,294 (69.2%) |
| Renter Occupied HU | 2,219 (24.4%) |
| Vacant Housing Units | 586 ( 6.4%) |
| Median Home Value | $445,721 |
| Average Home Value | $488,694 |
Housing Distribution
Address Breakdown
Residential
8,782
Single Family
8,082
Multi-Family
700
Businesses
591
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Listed by: Karen Riehl • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #MDHR2045084