24 W Cemetery StFunkstownMD21734
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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
Rental property for sale in Funkstown at 24 W Cemetery St, Funkstown, MD, 21734 priced at $284,900 converts $1,562/mo rent into after a $1,394/mo obligation. Total monthly income equals $1,562/mo. Return on cash invested prints 17.25% in year one, and rental yield reads 6.58% against a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation compiles into $78,713 by year five. Five-year ROI reaches 88.62% and total cumulative return in cash sums $83,699. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,562/mo property income covering a $1,394/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
9,487 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21734, Funkstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 372 (100%) |
| Owner Occupied HU | 203 (54.6%) |
| Renter Occupied HU | 145 (39.0%) |
| Vacant Housing Units | 24 ( 6.5%) |
| Median Home Value | $264,041 |
| Average Home Value | $258,325 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
91
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