23258 Hastings DrChanceMD21821
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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 Chance at 23258 Hastings Dr, Chance, MD, 21821 uses $98,787 cash to close to unlock $3,926/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $2,181/mo, and a $1,459/mo payment keeps the spread at $327/mo. Purchase price stands at $298,000, and rental yield measures 8.78% with $2,181/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 124.23% and total cumulative return in cash records $122,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,181/mo property income covering a $1,459/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21821, Deal Island, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 668 (100%) |
| Owner Occupied HU | 337 (50.4%) |
| Renter Occupied HU | 58 ( 8.7%) |
| Vacant Housing Units | 273 (40.9%) |
| Median Home Value | $198,026 |
| Average Home Value | $219,488 |
Housing Distribution
Address Breakdown
Residential
537
Single Family
537
Multi-Family
0
Businesses
19
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