302 Forbes St APT CAnnapolisMD21401
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
Investment Highlights
Investment property for sale in Annapolis at 302 Forbes St APT C, Annapolis, MD, 21401 earns from $2,539/mo rent with a $2,080/mo payment. Total monthly income totals $2,539/mo. ROI tracks 16.13% on current figures, and rental yield reads 7.17% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 83.64% and total cumulative return in cash sums $117,845. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,539/mo property income instead of your personal income.
Apartment
Built in 1974
N/A lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21401, Annapolis, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,760 (100%) |
| Owner Occupied HU | 10,993 (55.6%) |
| Renter Occupied HU | 7,111 (36.0%) |
| Vacant Housing Units | 1,656 ( 8.4%) |
| Median Home Value | $657,978 |
| Average Home Value | $740,220 |
Housing Distribution
Address Breakdown
Residential
18,554
Single Family
14,395
Multi-Family
4,159
Businesses
3,390
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Nearby investment properties with comparable prices
Listed by: Joe Hawkins • Hawkins Real Estate Company
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDAA2103366
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