253 Casparus WayElktonMD21921








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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 Elkton at 253 Casparus Way, Elkton, MD, 21921 projects strong ROI of 7.15%. Rental yield 3.2%. With 5% annual appreciation, the property builds $635,448 in value over five years. Equity growth combined delivers a projected five-year ROI of 34.39%, translating into $256,267 in total cumulative return on $745,200 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2002
3.17 Acres lot
$N/A/sqft
$350 annually HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 21921, Elkton, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,232 (100%) |
| Owner Occupied HU | 12,221 (63.5%) |
| Renter Occupied HU | 5,679 (29.5%) |
| Vacant Housing Units | 1,332 ( 6.9%) |
| Median Home Value | $352,617 |
| Average Home Value | $392,461 |
Housing Distribution
Address Breakdown
Residential
17,982
Single Family
17,763
Multi-Family
219
Businesses
995
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $2,300,000 |
| 2024-09-15 | Listing removed | N/A |
| 2024-08-13 | Listed for sale | $2,350,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-28 | $13030.66 | 7.16% | $1,190,667 | 8.13% |
| 2023-04-28 | $12160.55 | -0.92% | $1,101,100 | N/A |
| 2022-04-28 | $12274.05 | -0.15% | $1,101,100 | 2.10% |
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Nearby investment properties with comparable prices



Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2002
- Architectural Style: Cape Cod
- Building Area: 8,212
- Living Area: 5,500 sqft
- Property Condition: Excellent,Very Good
Features & Amenities
- Heating: Forced Air, Propane
- Cooling: Central Air, Electric
- Flooring: N/A
- Interior Features: 9'+ Ceilings
- Exterior Features: Private Beach, Balcony
- Parking Features: Garage Faces Side, Attached, Driveway
Location
HOA & Fees
- HOA Fee: $350 annually
- Association Fee: $350 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: On Site Septic
- Water Source: Well
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Brian Foraker • Foraker Realty Co.
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDCC2016754
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc. [Click here for more information](/mls-disclaimers/#5632)






