247-249 E Howard StHagerstownMD21740
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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 Hagerstown at 247-249 E Howard St, Hagerstown, MD, 21740 uses $99,284 cash to close to unlock $15,230/yr annual cash flow and $1,269/mo monthly cash flow. Total monthly income runs $3,132/mo, and a $1,466/mo payment keeps the spread at $1,269/mo. Purchase price stands at $299,500, and rental yield measures 12.55% with $3,132/mo rent. Return on cash invested shows 35.25% in year one, and 5% annual appreciation builds toward $82,746 over five years. Five-year ROI reaches 185.19% and total cumulative return in cash records $183,863. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,132/mo property income covering a $1,466/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
5,143 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21740, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,521 (100%) |
| Owner Occupied HU | 14,671 (51.4%) |
| Renter Occupied HU | 11,531 (40.4%) |
| Vacant Housing Units | 2,319 ( 8.1%) |
| Median Home Value | $288,026 |
| Average Home Value | $345,481 |
Housing Distribution
Address Breakdown
Residential
26,569
Single Family
22,946
Multi-Family
3,623
Businesses
2,422
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Listed by: Toby Wantz • Real Estate Today
Mls Name: Bright MLS
Mls ID: #MDWA2030454