3029 Forest StManchesterMD21102
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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 Manchester at 3029 Forest St, Manchester, MD, 21102 generates $3,396/mo in rent and, after a $2,105/mo payment, leaves $721/mo in cash flow. Total monthly income is $3,396/mo, and annual cash flow is $8,655/yr on $142,545 invested. Return on cash invested sits at 25.98% in year one, and rental yield is 9.48% on a $430,000 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 135.46% and total cumulative return in cash sums $193,095. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,396/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21102, Manchester, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,567 (100%) |
| Owner Occupied HU | 3,935 (86.2%) |
| Renter Occupied HU | 464 (10.2%) |
| Vacant Housing Units | 168 ( 3.7%) |
| Median Home Value | $437,756 |
| Average Home Value | $490,443 |
Housing Distribution
Address Breakdown
Residential
4,221
Single Family
4,221
Multi-Family
0
Businesses
186
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Listed by: Pamela Stone • RE/MAX Advantage Realty
Mls Name: Bright MLS
Mls ID: #MDCR2031794