224 Independence DrElktonMD21921
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elkton at 224 Independence Dr, Elkton, MD, 21921 listed at $415,000 pairs $2,549/mo rent with a $2,031/mo payment. Total monthly income runs $2,549/mo. Return on cash invested measures 19.63% in year one, and rental yield registers 7.37% at a $415,000 basis. Equity gained on principal adds $2,678/yr, and annual property appreciation at 5% supports $114,657 by year five. Five-year ROI tracks 101.42% and total cumulative return in cash totals $139,521. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,549/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21921, Elkton, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,232 (100%) |
| Owner Occupied HU | 12,221 (63.5%) |
| Renter Occupied HU | 5,679 (29.5%) |
| Vacant Housing Units | 1,332 ( 6.9%) |
| Median Home Value | $352,617 |
| Average Home Value | $392,461 |
Housing Distribution
Address Breakdown
Residential
17,982
Single Family
17,763
Multi-Family
219
Businesses
995
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices