29845 Coolidge DrMechanicsvilleMD20659
INVESTMENT ANALYSIS
Investment Verdict
Solid Income29845 Coolidge Dr, Mechanicsville, MD, 20659 in Mechanicsville is a solid income-producing rental, 8.21% gross yield, $2,633/mo rent, $239/mo net cash flow on a $384,900 buy. DSCR 1.52 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $106,341 and $3,545/yr in principal reduction project a total cumulative return of $161,359.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.0% |
| Monthly Cash Flow | $239 | $450 |
City averages based on Mechanicsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,633 |
| Total Monthly Debt Service | $2,241 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1975
0.34 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
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 1975
0.34 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: Evelyn Thorne • Home Towne Real Estate
Mls Name: Bright MLS
Mls ID: #MDSM2028280