30375 Cannon DrSalisburyMD21804
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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 Salisbury at 30375 Cannon Dr, Salisbury, MD, 21804 generates $1,855/mo in rent and, after a $1,267/mo payment, leaves $245/mo in cash flow. Total monthly income is $1,855/mo, and annual cash flow is $2,940/yr on $85,821 invested. Return on cash invested sits at 23.33% in year one, and rental yield is 8.6% on a $258,888 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,526 over five years. Five-year ROI reaches 121.25% and total cumulative return in cash sums $104,056. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,855/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21804, Salisbury, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,230 (100%) |
| Owner Occupied HU | 8,323 (45.7%) |
| Renter Occupied HU | 8,440 (46.3%) |
| Vacant Housing Units | 1,467 ( 8.0%) |
| Median Home Value | $273,376 |
| Average Home Value | $335,430 |
Housing Distribution
Address Breakdown
Residential
17,571
Single Family
15,361
Multi-Family
2,210
Businesses
1,023
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