261 Douglas StElktonMD21921
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 261 Douglas St, Elkton, MD, 21921 in Elkton. At $258,900 it earns $1,847/mo in rent and distributes $237/mo to the owner after the $1,164/mo payment, a consistent 8.56% yield. DSCR 1.59 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $71,529 in value; $2,384/yr in principal paydown compounds ownership stake. Total projected return: $113,456.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.2% |
| Monthly Cash Flow | $237 | $1,500 |
City averages based on Elkton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,847 |
| Total Monthly Debt Service | $1,507 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2004
3,194 sqft lot
$N/A/sqft
No HOA
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
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
Townhouse
Built in 2004
3,194 sqft lot
$N/A/sqft
No HOA
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices