210 Caroline AveRidgelyMD21660
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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 Ridgely at 210 Caroline Ave, Ridgely, MD, 21660 priced at $245,000 converts $1,924/mo rent into $400/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,924/mo, and annual cash flow totals $4,805/yr on $81,218 invested. Return on cash invested prints 25.82% in year one, and rental yield reads 9.42% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 134.63% and total cumulative return in cash sums $109,344. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,924/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1890
5,940 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21660, Ridgely, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,618 (100%) |
| Owner Occupied HU | 1,161 (71.8%) |
| Renter Occupied HU | 337 (20.8%) |
| Vacant Housing Units | 120 ( 7.4%) |
| Median Home Value | $350,195 |
| Average Home Value | $367,097 |
Housing Distribution
Address Breakdown
Residential
1,503
Single Family
1,503
Multi-Family
0
Businesses
125
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