24912 Back Creek DrSaint MichaelsMD21663
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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 Saint Michaels at 24912 Back Creek Dr, Saint Michaels, MD, 21663 generates $4,008/mo in rent, after a $3,891/mo payment. Total monthly income is $4,008/mo. Return on cash invested sits at 15.76% in year one, and rental yield is 6.05% on a $795,000 entry. Equity gained on principal adds $5,130/yr, while 5% annual appreciation builds toward $219,644 over five years. Five-year ROI reaches 80.62% and total cumulative return in cash sums $210,862. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,008/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21663, Saint Michaels, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,116 (100%) |
| Owner Occupied HU | 1,125 (53.2%) |
| Renter Occupied HU | 394 (18.6%) |
| Vacant Housing Units | 597 (28.2%) |
| Median Home Value | $691,382 |
| Average Home Value | $890,696 |
Housing Distribution
Address Breakdown
Residential
1,549
Single Family
1,549
Multi-Family
0
Businesses
211
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Listed by: Kathleen Coale • Benson & Mangold, LLC
Mls Name: Bright MLS
Mls ID: #MDTA2012230