241 Blue Bill Ln APT A, Havre De Grace, MD, 21078 | 6.98% Rental Yield

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241 Blue Bill Ln APT A, Havre De Grace, MD, 21078 | 6.98% Rental Yield | 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

Rental property for sale in Havre De Grace at 241 Blue Bill Ln APT A, Havre De Grace, MD, 21078 priced at $365,000 converts $2,123/mo rent into after a $1,786/mo obligation. Total monthly income equals $2,123/mo. Return on cash invested prints 18.45% in year one, and rental yield reads 6.98% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 95.1% and total cumulative return in cash sums $115,063. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,123/mo property income covering a $1,786/mo payment, not borrower’s personal income.

Condo

Built in 1990

N/A lot

$N/A/sqft

No HOA

More details about the property

This efficient 2 bed, 2 bath Water Front condo is move in ready. Completely furnished with kitchen fully equipped. It has a deeded 35 foot slip included so right out your back door to your boat. Completely renovate with new kitchen, expanded master bath shower. Ceiling fans in bedrooms and living room. View of River and Pool form, the deck. 2 car tandem garage for all your toys. All of this within walking distance of the restaurant district and parks. Pet restriction one 20 LB dog or cat.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21078, Havre De Grace, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,099 (100%)
Owner Occupied HU	6,294 (69.2%)
Renter Occupied HU	2,219 (24.4%)
Vacant Housing Units	586 ( 6.4%)
Median Home Value	$445,721
Average Home Value	$488,694