222 Myers StHancockMD21750
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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 Hancock at 222 Myers St, Hancock, MD, 21750 with 5% annual appreciation on a $425,000 basis while $1,450/mo rent supports operations. 75% in year one. Equity gained on principal adds $2,742/yr, and five-year appreciation sums $117,420 alongside rental yield of 4.09%. Five-year ROI measures 48.38% and total cumulative return in cash totals $68,165. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,450/mo property income versus a $2,080/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1980
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21750, Hancock, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,773 (100%) |
| Owner Occupied HU | 1,092 (61.6%) |
| Renter Occupied HU | 496 (28.0%) |
| Vacant Housing Units | 185 (10.4%) |
| Median Home Value | $293,275 |
| Average Home Value | $318,807 |
Housing Distribution
Address Breakdown
Residential
1,694
Single Family
1,611
Multi-Family
83
Businesses
196
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