249 S Washington StSnow HillMD21863
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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
Rental property for sale in Snow Hill at 249 S Washington St, Snow Hill, MD, 21863 offers $2,374/mo rent that, after a $1,591/mo payment, leaves $352/mo cash flow. Total monthly income is $2,374/mo, and annual cash flow is $4,228/yr on $107,738 cash. Return on cash invested measures 23.83% in year one, and rental yield stands at 8.77% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 123.95% and total cumulative return in cash reaches $133,537. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,374/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
8,833 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21863, Snow Hill, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,223 (100%) |
| Owner Occupied HU | 1,438 (64.7%) |
| Renter Occupied HU | 526 (23.7%) |
| Vacant Housing Units | 259 (11.7%) |
| Median Home Value | $314,286 |
| Average Home Value | $382,465 |
Housing Distribution
Address Breakdown
Residential
2,133
Single Family
2,099
Multi-Family
34
Businesses
238
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