21523 Ringgold StHagerstownMD21742
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 21523 Ringgold St, Hagerstown, MD, 21742 in Hagerstown hard to pass up. The 10.83% gross yield on a $250,000 purchase results in $2,257/mo in rent and $702/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.90). Annual cash flow of $8,428, five-year appreciation of $69,070, and $2,096/yr in equity build-up combine for a projected total cumulative return of $135,326.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 6.2% |
| Monthly Cash Flow | $702 | $450 |
City averages based on Hagerstown market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,257 |
| Total Monthly Debt Service | $1,516 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21742, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,303 (100%) |
| Owner Occupied HU | 9,197 (64.3%) |
| Renter Occupied HU | 4,190 (29.3%) |
| Vacant Housing Units | 916 ( 6.4%) |
| Median Home Value | $347,065 |
| Average Home Value | $391,442 |
Housing Distribution
Address Breakdown
Residential
14,152
Single Family
12,576
Multi-Family
1,576
Businesses
762
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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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Listed by: Jay Day • LPT Realty, LLC
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDWA2041156
