29380 Old Locust Grove RdKennedyvilleMD21645
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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 Kennedyville at 29380 Old Locust Grove Rd, Kennedyville, MD, 21645 earns $42/mo cash flow from $2,029/mo rent with a $1,564/mo payment. Total monthly income totals $2,029/mo, and annual cash flow totals $500/yr on $105,914 capital. ROI tracks 20.38% on current figures, and rental yield reads 7.62% at a $319,500 purchase. Equity gained on principal adds $2,062/yr, and 5% annual appreciation supports $88,272 over five years. Five-year ROI reaches 105.43% and total cumulative return in cash sums $111,662. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,029/mo property income instead of your personal income.
Single Family
Built in 1920
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21645, Kennedyville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 569 (100%) |
| Owner Occupied HU | 273 (48.0%) |
| Renter Occupied HU | 79 (13.9%) |
| Vacant Housing Units | 217 (38.1%) |
| Median Home Value | $427,632 |
| Average Home Value | $667,335 |
Housing Distribution
Address Breakdown
Residential
513
Single Family
513
Multi-Family
0
Businesses
24
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Listed by: Hayley Norris • Select Land & Homes, LLC
Mls Name: Bright MLS
Mls ID: #MDKE2005614