23593 Mitchell DrLeonardtownMD20650
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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 Leonardtown at 23593 Mitchell Dr, Leonardtown, MD, 20650 offers a 7.81% rental yield on a $580,000 purchase with $3,774/mo rent. Total monthly income registers $3,774/mo, and a $2,839/mo payment leaves $167/mo available for distribution. Annual cash flow reaches $1,998/yr on $190,820 to close, and return on cash invested stands at 21.11% in year one. Equity gained on principal adds $3,743/yr while 5% annual appreciation supports $160,243 over five years. Portfolio math shows five-year ROI at 109.28% and total cumulative return in cash at $208,533. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,774/mo property income against a $2,839/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20650, Leonardtown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,429 (100%) |
| Owner Occupied HU | 4,652 (72.4%) |
| Renter Occupied HU | 1,183 (18.4%) |
| Vacant Housing Units | 594 ( 9.2%) |
| Median Home Value | $490,089 |
| Average Home Value | $538,975 |
Housing Distribution
Address Breakdown
Residential
5,527
Single Family
5,209
Multi-Family
318
Businesses
525
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Listed by: Heather Foster • RE/MAX One
Mls Name: Bright MLS
Mls ID: #MDSM2028550