305 S Maple AveRidgelyMD21660
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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
Investment property for sale in Ridgely at 305 S Maple Ave, Ridgely, MD, 21660 uses $48,068 cash to close to unlock $2,134/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $1,080/mo, and a $710/mo payment keeps the spread at $178/mo. Purchase price stands at $145,000, and rental yield measures 8.94% with $1,080/mo rent. Return on cash invested shows 24.35% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 126.69% and total cumulative return in cash records $60,896. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1945
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21660, Ridgely, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,618 (100%) |
| Owner Occupied HU | 1,161 (71.8%) |
| Renter Occupied HU | 337 (20.8%) |
| Vacant Housing Units | 120 ( 7.4%) |
| Median Home Value | $350,195 |
| Average Home Value | $367,097 |
Housing Distribution
Address Breakdown
Residential
1,503
Single Family
1,503
Multi-Family
0
Businesses
125
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