206 S Water St, Chestertown, MD, 21620 | 5.51% Rental Yield

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206 S Water St, Chestertown, MD, 21620 | 5.51% Rental Yield | 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 206 S Water St, Chestertown, MD, 21620 with 5% annual appreciation on a $619,000 basis while $2,840/mo rent supports operations. 11% in year one. Equity gained on principal adds $3,994/yr, and five-year appreciation sums $171,018 alongside rental yield of 5.51%. Five-year ROI measures 71.73% and total cumulative return in cash totals $146,089. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,840/mo property income versus a $3,030/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1900

1,888 sqft lot

$N/A/sqft

No HOA

More details about the property

Live in the heart of Chestertowns Historic Districtsee your boat from your front porch! Beautifully rebuilt and expanded, this versatile home offers 3 1/2 baths and over 2,000 sq. ft. of finished living space. The rear addition features a sunroom/mudroom with separate entrance leading to a guest suite with walk-in closet and full bath. Upstairs, enjoy a second-story waterview deckbuilt strong enough to support a hot tub or additional living area (double 2x8 joists per owner). Andersen composite dual-pane windows with plantation shutters offer energy efficiency and easy operation. Ample storage includes two walk-in closets plus a walk-in attic. Located on desirable Water Street, youre just steps from the waterfront, Wilmer Park, shops, restaurants, bakeries, pubs, Farmers Market, arts district, and more. Cook and entertain in style with Heartland appliances and handcrafted cabinetry in the kitchen. 206 S. Water Streeta feels-like-new historic home in Chestertowns most walkable location. Note The vacant lot next door is not part of this property. Separate owner.

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