226 Ann AveEssexMD21221
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 226 Ann Ave, Essex, MD, 21221 in Essex: $3,310/mo in rent, $942/mo net, 10.45% gross yield, all on a $379,990 acquisition. The 1.94 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $104,984 in value, and $3,500/yr in principal paydown steadily builds equity. Projected total cumulative return: $204,819.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 6.5% |
| Monthly Cash Flow | $942 | $800 |
City averages based on Essex market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,310 |
| Total Monthly Debt Service | $2,216 |
| 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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2023
2,000 sqft lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21221, Essex, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,932 (100%) |
| Owner Occupied HU | 10,323 (54.5%) |
| Renter Occupied HU | 7,425 (39.2%) |
| Vacant Housing Units | 1,184 ( 6.3%) |
| Median Home Value | $342,296 |
| Average Home Value | $396,170 |
Housing Distribution
Address Breakdown
Residential
18,374
Single Family
13,680
Multi-Family
4,694
Businesses
868
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
Townhouse
Built in 2023
2,000 sqft lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21221, Essex, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,932 (100%) |
| Owner Occupied HU | 10,323 (54.5%) |
| Renter Occupied HU | 7,425 (39.2%) |
| Vacant Housing Units | 1,184 ( 6.3%) |
| Median Home Value | $342,296 |
| Average Home Value | $396,170 |
Housing Distribution
Address Breakdown
Residential
18,374
Single Family
13,680
Multi-Family
4,694
Businesses
868
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices