2646 Cletus DrManchesterMD21102
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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 Manchester at 2646 Cletus Dr, Manchester, MD, 21102 uses $213,850 cash to close to unlock $1,737/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $4,187/mo, and a $3,181/mo payment keeps the spread at $145/mo. Purchase price stands at $650,000, and rental yield measures 7.73% with $4,187/mo rent. Return on cash invested shows 20.87% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 108.01% and total cumulative return in cash records $230,990. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,187/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Single Family
Built in 2012
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21102, Manchester, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,567 (100%) |
| Owner Occupied HU | 3,935 (86.2%) |
| Renter Occupied HU | 464 (10.2%) |
| Vacant Housing Units | 168 ( 3.7%) |
| Median Home Value | $437,756 |
| Average Home Value | $490,443 |
Housing Distribution
Address Breakdown
Residential
4,221
Single Family
4,221
Multi-Family
0
Businesses
186
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Listed by: Nathan Poole-McCullough • Corner House Realty
Mls Name: Bright MLS
Mls ID: #MDCR2030280