226 S Water StChestertownMD21620
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 226 S Water St, Chestertown, MD, 21620 in Chestertown. Rental yield 3.3%. At $998,000 with 3.3% gross yield, current distributions are modest, but the 5% appreciation rate projects $275,729 in new equity by year five, complemented by $9,192/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.61) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $155,685.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.3% | 5.5% |
| Monthly Cash Flow | $(3,463) | $850 |
City averages based on Chestertown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,744 |
| Total Monthly Debt Service | $5,810 |
| DSCR Ratio | 0.47x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 N/A
3,782 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21620, Chestertown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,256 (100%) |
| Owner Occupied HU | 3,591 (57.4%) |
| Renter Occupied HU | 1,696 (27.1%) |
| Vacant Housing Units | 969 (15.5%) |
| Median Home Value | $373,354 |
| Average Home Value | $477,344 |
Housing Distribution
Address Breakdown
Residential
5,889
Single Family
5,427
Multi-Family
462
Businesses
634
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 N/A
3,782 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21620, Chestertown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,256 (100%) |
| Owner Occupied HU | 3,591 (57.4%) |
| Renter Occupied HU | 1,696 (27.1%) |
| Vacant Housing Units | 969 (15.5%) |
| Median Home Value | $373,354 |
| Average Home Value | $477,344 |
Housing Distribution
Address Breakdown
Residential
5,889
Single Family
5,427
Multi-Family
462
Businesses
634
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Burke • Gunther-McClary Real Estate
Mls Name: Bright MLS
Mls ID: #MDKE2004940