24339 Chestertown RdChestertownMD21620
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Chestertown at 24339 Chestertown Rd, Chestertown, MD, 21620 generates $2,290/mo in rent and, after a $1,317/mo payment, leaves $617/mo in cash flow. Total monthly income is $2,290/mo, and annual cash flow is $7,399/yr on $89,174 invested. Return on cash invested sits at 28.21% in year one, and rental yield is 10.22% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 147.39% and total cumulative return in cash sums $131,435. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,290/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21620, Chestertown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,256 (100%) |
| Owner Occupied HU | 3,591 (57.4%) |
| Renter Occupied HU | 1,696 (27.1%) |
| Vacant Housing Units | 969 (15.5%) |
| Median Home Value | $373,354 |
| Average Home Value | $477,344 |
Housing Distribution
Address Breakdown
Residential
5,889
Single Family
5,427
Multi-Family
462
Businesses
634
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Retha Arrabal • Doug Ashley Realtors, LLC
Mls Name: Bright MLS
Mls ID: #MDKE2006054