216 E Chew AveSaint MichaelsMD21663
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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
Investment property for sale in Saint Michaels at 216 E Chew Ave, Saint Michaels, MD, 21663 with 5% annual appreciation on a $1,795,000 basis while $2,400/mo rent supports operations. 29% in year one. Equity gained on principal adds $11,583/yr, and five-year appreciation sums $495,925 alongside rental yield of 1.6%. Five-year ROI measures 8.28% and total cumulative return in cash totals $48,157. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,400/mo property income versus a $8,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21663, Saint Michaels, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,116 (100%) |
| Owner Occupied HU | 1,125 (53.2%) |
| Renter Occupied HU | 394 (18.6%) |
| Vacant Housing Units | 597 (28.2%) |
| Median Home Value | $691,382 |
| Average Home Value | $890,696 |
Housing Distribution
Address Breakdown
Residential
1,549
Single Family
1,549
Multi-Family
0
Businesses
211
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Listed by: Chris Clinton • Coldwell Banker Chesapeake Real Estate Company
Mls Name: Bright MLS
Mls ID: #MDTA2012450