218 Switchgrass Way UNIT 43, Chester, MD, 21619 | Equity Gain $8,382/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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218 Switchgrass Way UNIT 43, Chester, MD, 21619 | Equity Gain $8,382/yr | 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 Chester at 218 Switchgrass Way UNIT 43, Chester, MD, 21619 offers a 1% rental yield on a $1,299,000 purchase with $1,087/mo rent. 43% in year one. Equity gained on principal adds $8,382/yr while 5% annual appreciation supports $358,890 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,087/mo property income against a $6,358/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover K. Hovnanians Four Seasons at Kent Island, a lively community of new condominiums in Chester, MD. Make your move to this active adult 55+ community on Maryland's Chesapeake Bay, offering island-living with new waterfront condos with resort-style amenities. Choose from 3, single-story floorplans of up to 2,602 sq. ft., 3 beds, 2.5 baths, and a 1-car garage. Select plans feature a balcony or porch, to enjoy your waterfront views. Residents can enjoy the clubhouse, resort-style pool, modern fitness center, spacious dog park, open-air amphitheater, fishing and boating pier, tennis and pickleball courts, and so much more, with a schedule of activities organized by the full-time lifestyle director. Make new friends and enjoy everything this luxurious 55+ community has to offer. Offered By: K. Hovnanian's Four Seasons at Kent Island III, LLC The Chester offers: Private home office creates a quiet space for work or study. Gourmet kitchen features a center island & built-in wall oven. Dining area includes a dry bar for added convenience. Great room with an electric fireplace opens to the balcony. Owner's suite offers balcony access for a relaxing retreat. Spa bath provides comfort with dual vanities & modern design. Laundry room includes cabinets for extra storage space.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21619, Chester, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,903 (100%)
Owner Occupied HU	2,685 (68.8%)
Renter Occupied HU	759 (19.4%)
Vacant Housing Units	459 (11.8%)
Median Home Value	$495,127
Average Home Value	$586,091