24415 Chestertown RdChestertownMD21620
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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 Chestertown at 24415 Chestertown Rd, Chestertown, MD, 21620 offers a 9.27% rental yield on a $264,900 purchase with $2,046/mo rent. Total monthly income registers $2,046/mo, and a $1,297/mo payment leaves $398/mo available for distribution. Annual cash flow reaches $4,776/yr on $87,814 to close, and return on cash invested stands at 25.35% in year one. Equity gained on principal adds $1,709/yr while 5% annual appreciation supports $73,187 over five years. Portfolio math shows five-year ROI at 132.04% and total cumulative return in cash at $115,952. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,046/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
1 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
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Listed by: Courtney Chipouras • TTR Sotheby's International Realty
Mls Name: Bright MLS
Mls ID: #MDKE2005630