228 Prospect Bay Dr WGrasonvilleMD21638
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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 Grasonville at 228 Prospect Bay Dr W, Grasonville, MD, 21638 earns from $4,935/mo rent with a $6,260/mo payment. Total monthly income totals $4,935/mo. ROI tracks 11.63% on current figures, and rental yield reads 4.63% at a $1,279,000 purchase. Equity gained on principal adds $8,253/yr, and 5% annual appreciation supports $353,364 over five years. Five-year ROI reaches 58.37% and total cumulative return in cash sums $241,882. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,935/mo property income instead of your personal income.
Single Family
Built in 1995
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21638, Grasonville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,357 (100%) |
| Owner Occupied HU | 1,698 (72.0%) |
| Renter Occupied HU | 394 (16.7%) |
| Vacant Housing Units | 265 (11.2%) |
| Median Home Value | $519,724 |
| Average Home Value | $610,355 |
Housing Distribution
Address Breakdown
Residential
2,241
Single Family
2,110
Multi-Family
131
Businesses
180
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Listed by: Biana Arentz • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #MDQA2015910