28990 Shannon CtMechanicsvilleMD20659
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
Investment Highlights
Rental property for sale in Mechanicsville at 28990 Shannon Ct, Mechanicsville, MD, 20659 generates $2,807/mo in rent, after a $2,227/mo payment. Total monthly income is $2,807/mo. Return on cash invested sits at 19.73% in year one, and rental yield is 7.4% on a $454,900 entry. Equity gained on principal adds $2,935/yr, while 5% annual appreciation builds toward $125,680 over five years. Five-year ROI reaches 101.93% and total cumulative return in cash sums $153,704. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,807/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20659, Mechanicsville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,777 (100%) |
| Owner Occupied HU | 7,403 (84.3%) |
| Renter Occupied HU | 990 (11.3%) |
| Vacant Housing Units | 384 ( 4.4%) |
| Median Home Value | $439,667 |
| Average Home Value | $481,639 |
Housing Distribution
Address Breakdown
Residential
8,461
Single Family
8,460
Multi-Family
1
Businesses
328
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ken Phipps • CENTURY 21 New Millennium
Mls Name: Bright MLS
Mls ID: #MDSM2028964