23392 Custom House Rd, Deal Island, MD, 21821 | $620/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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23392 Custom House Rd, Deal Island, MD, 21821 | $620/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Deal Island at 23392 Custom House Rd, Deal Island, MD, 21821 uses $65,969 cash to close to unlock $7,444/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $1,858/mo, and a $974/mo payment keeps the spread at $620/mo. Purchase price stands at $199,000, and rental yield measures 11.2% with $1,858/mo rent. Return on cash invested shows 31.19% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 163.43% and total cumulative return in cash records $107,814. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,858/mo property income covering a $974/mo payment rather than investor’s personal income.

Single Family

Built in 1880

7 Acres lot

$N/A/sqft

No HOA

More details about the property

Back on the Market - Here's your second chance to own a piece of Deal Island History! Welcome to 23392 Custom House Rd; This charming Victorian home nestled on 2.06 acres in Deal Island Shores. This 3-bed, 1-bath property offers 1,760 sq ft of historic character, unique coastal appeal, and a detached garage and shed for extra storage or workspace. With no HOA and privacy on an expansive lot, you're free to make this place your own. This historic home blends classic style with rural potential. The main level features functional living space and one bedroom, with the upper story hosting additional bedrooms. With a generous lot size (which includes an adjacent parcel of nearly five acres!) it invites landscaping, gardens, or expansion. This home is situated in a unique coastal/rural environment with all the space and potential you could desire. Dont miss this unique opportunity to own a slice of Deal Island, ideal for renovation lovers or those seeking a retreat with land and flexibility.

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