303 Cedar StChestertownMD21620
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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 Chestertown at 303 Cedar St, Chestertown, MD, 21620 priced at $333,900 pairs $2,640/mo rent with $564/mo cash flow after a $1,634/mo payment. Total monthly income equals $2,640/mo, and annual cash flow comes to $6,763/yr on $110,688 invested. Return on cash invested is 26.02% in year one, and rental yield stands at 9.49% on a $333,900 basis. Equity gained on principal adds $2,155/yr, and 5% annual appreciation accumulates to $92,250 by year five. Five-year ROI measures 135.65% and total cumulative return in cash reaches $150,143. For financing, Ziffy Mortgage’s DSCR program evaluates $2,640/mo property income against a $1,634/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1985
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21620, Chestertown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,256 (100%) |
| Owner Occupied HU | 3,591 (57.4%) |
| Renter Occupied HU | 1,696 (27.1%) |
| Vacant Housing Units | 969 (15.5%) |
| Median Home Value | $373,354 |
| Average Home Value | $477,344 |
Housing Distribution
Address Breakdown
Residential
5,889
Single Family
5,427
Multi-Family
462
Businesses
634
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Listed by: Hayley Norris • Select Land & Homes, LLC
Mls Name: Bright MLS
Mls ID: #MDKE2005970