302 Forbes St APT DAnnapolisMD21401
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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
Rental property for sale in Annapolis at 302 Forbes St APT D, Annapolis, MD, 21401 priced at $450,000 converts $2,514/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,514/mo. Return on cash invested prints 17.61% in year one, and rental yield reads 6.7% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 90.57% and total cumulative return in cash sums $135,114. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,514/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No 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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