308 S Locust StHagerstownMD21740
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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 Hagerstown at 308 S Locust St, Hagerstown, MD, 21740 earns $230/mo cash flow from $1,411/mo rent with a $929/mo payment. Total monthly income totals $1,411/mo, and annual cash flow totals $2,765/yr on $62,952 capital. ROI tracks 24.3% on current figures, and rental yield reads 8.92% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 126.45% and total cumulative return in cash sums $79,601. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,411/mo property income instead of your personal income.
Single Family
Built in 1908
2,640 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21740, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,521 (100%) |
| Owner Occupied HU | 14,671 (51.4%) |
| Renter Occupied HU | 11,531 (40.4%) |
| Vacant Housing Units | 2,319 ( 8.1%) |
| Median Home Value | $288,026 |
| Average Home Value | $345,481 |
Housing Distribution
Address Breakdown
Residential
26,569
Single Family
22,946
Multi-Family
3,623
Businesses
2,422
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Listed by: Laurel Walker • The Glocker Group Realty Results
Mls Name: Bright MLS
Mls ID: #MDWA2031930