23055 Old Fairlee RdChestertownMD21620
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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 Chestertown at 23055 Old Fairlee Rd, Chestertown, MD, 21620 earns $457/mo cash flow from $2,509/mo rent with a $1,615/mo payment. Total monthly income totals $2,509/mo, and annual cash flow totals $5,481/yr on $109,395 capital. ROI tracks 24.92% on current figures, and rental yield reads 9.12% at a $330,000 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,173 over five years. Five-year ROI reaches 129.76% and total cumulative return in cash sums $141,947. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,509/mo property income instead of your personal income.
Single Family
Built in 1948
0.50 Acres 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
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Listed by: Debbie Callahan • Benson & Mangold, LLC
Mls Name: Bright MLS
Mls ID: #MDKE2006062