2617 Augustine Herman HwyChesapeake CityMD21915
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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 Chesapeake City at 2617 Augustine Herman Hwy, Chesapeake City, MD, 21915 priced at $324,900 converts $1,711/mo rent into after a $1,590/mo obligation. Total monthly income equals $1,711/mo. Return on cash invested prints 16.46% in year one, and rental yield reads 6.32% against a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,764 by year five. Five-year ROI reaches 84.4% and total cumulative return in cash sums $90,905. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,711/mo property income covering a $1,590/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21915, Chesapeake City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,660 (100%) |
| Owner Occupied HU | 1,157 (69.7%) |
| Renter Occupied HU | 203 (12.2%) |
| Vacant Housing Units | 300 (18.1%) |
| Median Home Value | $430,420 |
| Average Home Value | $451,891 |
Housing Distribution
Address Breakdown
Residential
1,442
Single Family
1,412
Multi-Family
30
Businesses
132
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Listed by: Michele Meyer Burch • EXIT Preferred Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDCC2014230
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