31 Borens Shore Rd, Elkton, MD, 21921 | 3.08% Rental Yield

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31 Borens Shore Rd, Elkton, MD, 21921 | 3.08% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elkton at 31 Borens Shore Rd, Elkton, MD, 21921 earns from $2,179/mo rent with a $4,160/mo payment. Total monthly income totals $2,179/mo. ROI tracks 6.73% on current figures, and rental yield reads 3.08% at a $850,000 purchase. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 over five years. Five-year ROI reaches 32.15% and total cumulative return in cash sums $89,914. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,179/mo property income instead of your personal income.

Single Family

Built in 1953

4 Acres lot

$N/A/sqft

No HOA

More details about the property

This lovely stone home has been amazingly maintained by its owners for the last 30 years. Upon arriving at the property you'll be greeted by a partially wooded and nicely landscaped yard. Additionally there is a carport and exterior walkway to the front of the property. A tranquil sunroom is on the rear of the property. Updates to this property include a new water treatment system and a 50 gallon hot water heater within the last 6 months and the roof was replaced 6 months ago. There are beautiful water views from every room and sunsets from your front deck which overlooks the Elk River and your own private dock which was installed in 2011. There is a 3' MLT depth and 50 feet of water frontage. The interior boasts gleaming wood paneling and aa stone wood burning fireplace with concrete mantel adorns the open living space with vaulted ceilings. A tranquil sunroom is to the rear of the property. The large kitchen has been updated with stainless appliances and the same beautiful water views are seen from this area as well as the dining room. The upper level contains 2 nicely sized bedrooms and 1 full bath. There is an additional powder room on the main floor. You'll enjoy hours of relaxation from the dock and crabbing and fishing comes right up to you. Be sure to catch a tour of this wonderful home on your next tour.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21921, Elkton, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,232 (100%)
Owner Occupied HU	12,221 (63.5%)
Renter Occupied HU	5,679 (29.5%)
Vacant Housing Units	1,332 ( 6.9%)
Median Home Value	$352,617
Average Home Value	$392,461