2313 Nevada DrManchesterMD21102
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 2313 Nevada Dr, Manchester, MD, 21102 in Manchester. Rental yield 3.95%. At $619,900 with 3.95% gross yield, current distributions are modest, but the 5% appreciation rate projects $171,267 in new equity by year five, complemented by $5,709/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.73) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $118,347.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4% | 7.0% |
| Monthly Cash Flow | $(1,815) | $1,200 |
City averages based on Manchester market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,040 |
| Total Monthly Debt Service | $3,609 |
| DSCR Ratio | 0.57x |
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.
Single Family
Built in 2009
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21102, Manchester, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,567 (100%) |
| Owner Occupied HU | 3,935 (86.2%) |
| Renter Occupied HU | 464 (10.2%) |
| Vacant Housing Units | 168 ( 3.7%) |
| Median Home Value | $437,756 |
| Average Home Value | $490,443 |
Housing Distribution
Address Breakdown
Residential
4,221
Single Family
4,221
Multi-Family
0
Businesses
186
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
Single Family
Built in 2009
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21102, Manchester, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,567 (100%) |
| Owner Occupied HU | 3,935 (86.2%) |
| Renter Occupied HU | 464 (10.2%) |
| Vacant Housing Units | 168 ( 3.7%) |
| Median Home Value | $437,756 |
| Average Home Value | $490,443 |
Housing Distribution
Address Breakdown
Residential
4,221
Single Family
4,221
Multi-Family
0
Businesses
186
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDCR2036562