204 Secretariat Dr UNIT DHavre 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 204 Secretariat Dr UNIT D, Havre De Grace, MD, 21078 priced at $289,900 converts $2,660/mo rent into $857/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,660/mo, and annual cash flow totals $10,283/yr on $96,102 invested. Return on cash invested prints 30.61% in year one, and rental yield reads 11.01% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 160.24% and total cumulative return in cash sums $153,993. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,660/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Condo
Built in 2007
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: Jessica Alperstein • Yaffe Real Estate
Mls Name: Bright MLS
Mls ID: #MDHR2050672