24849 Deal Island RdDames QuarterMD21821
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 Dames Quarter at 24849 Deal Island Rd, Dames Quarter, MD, 21821 generates $1,623/mo in rent and, after a $783/mo payment, leaves $628/mo in cash flow. Total monthly income is $1,623/mo, and annual cash flow is $7,538/yr on $53,007 invested. Return on cash invested sits at 34.13% in year one, and rental yield is 12.18% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 179.22% and total cumulative return in cash sums $94,998. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,623/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21821, Deal Island, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 668 (100%) |
| Owner Occupied HU | 337 (50.4%) |
| Renter Occupied HU | 58 ( 8.7%) |
| Vacant Housing Units | 273 (40.9%) |
| Median Home Value | $198,026 |
| Average Home Value | $219,488 |
Housing Distribution
Address Breakdown
Residential
537
Single Family
537
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Lee Elmore • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #MDSO2006320