29 Parrell StHancockMD21750
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 29 Parrell St, Hancock, MD, 21750 in Hancock fits: $229,000, 0% gross yield, and a projected 5% annual appreciation rate adding $63,268 in value within five years. Rental yield 0%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.00) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 7.5% |
| Monthly Cash Flow | $0 | $850 |
City averages based on Hancock market data in our database. Property projections are estimates.
Single Family
Built in 1970
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21750, Hancock, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,773 (100%) |
| Owner Occupied HU | 1,092 (61.6%) |
| Renter Occupied HU | 496 (28.0%) |
| Vacant Housing Units | 185 (10.4%) |
| Median Home Value | $293,275 |
| Average Home Value | $318,807 |
Housing Distribution
Address Breakdown
Residential
1,694
Single Family
1,611
Multi-Family
83
Businesses
196
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Single Family
Built in 1970
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21750, Hancock, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,773 (100%) |
| Owner Occupied HU | 1,092 (61.6%) |
| Renter Occupied HU | 496 (28.0%) |
| Vacant Housing Units | 185 (10.4%) |
| Median Home Value | $293,275 |
| Average Home Value | $318,807 |
Housing Distribution
Address Breakdown
Residential
1,694
Single Family
1,611
Multi-Family
83
Businesses
196
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices