3 N Marlyn AveEssexMD21221
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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 Essex at 3 N Marlyn Ave, Essex, MD, 21221 uses $102,732 cash to close to unlock $3,137/yr annual cash flow and $261/mo monthly cash flow. Total monthly income runs $2,189/mo, and a $1,517/mo payment keeps the spread at $261/mo. Purchase price stands at $309,900, and rental yield measures 8.48% with $2,189/mo rent. Return on cash invested shows 22.96% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 119.29% and total cumulative return in cash records $122,544. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,189/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1953
6,210 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21221, Essex, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,932 (100%) |
| Owner Occupied HU | 10,323 (54.5%) |
| Renter Occupied HU | 7,425 (39.2%) |
| Vacant Housing Units | 1,184 ( 6.3%) |
| Median Home Value | $342,296 |
| Average Home Value | $396,170 |
Housing Distribution
Address Breakdown
Residential
18,374
Single Family
13,680
Multi-Family
4,694
Businesses
868
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