29954 Richard CirMechanicsvilleMD20659
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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 Mechanicsville at 29954 Richard Cir, Mechanicsville, MD, 20659 offers a 8.34% rental yield on a $439,900 purchase with $3,059/mo rent. Total monthly income registers $3,059/mo, and a $2,153/mo payment leaves $323/mo available for distribution. Annual cash flow reaches $3,878/yr on $145,827 to close, and return on cash invested stands at 22.57% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,536 over five years. Portfolio math shows five-year ROI at 117.17% and total cumulative return in cash at $170,859. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,059/mo property income against a $2,153/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
1.36 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
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Listed by: Donna Lacey • CENTURY 21 New Millennium
Mls Name: Bright MLS
Mls ID: #MDSM2026682