31080 McCormick Swamp RdPrincess AnneMD21853
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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 Princess Anne at 31080 McCormick Swamp Rd, Princess Anne, MD, 21853 uses $66,300 cash to close to unlock $7,764/yr annual cash flow and $647/mo monthly cash flow. Total monthly income runs $1,891/mo, and a $979/mo payment keeps the spread at $647/mo. Purchase price stands at $200,000, and rental yield measures 11.35% with $1,891/mo rent. Return on cash invested shows 31.62% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 165.68% and total cumulative return in cash records $109,844. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,891/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21853, Princess Anne, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,595 (100%) |
| Owner Occupied HU | 2,065 (44.9%) |
| Renter Occupied HU | 1,527 (33.2%) |
| Vacant Housing Units | 1,003 (21.8%) |
| Median Home Value | $190,118 |
| Average Home Value | $269,109 |
Housing Distribution
Address Breakdown
Residential
4,172
Single Family
3,980
Multi-Family
192
Businesses
276
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Listed by: Suzanah Cain • Berkshire Hathaway HomeServices PenFed Realty - OP
Mls Name: Bright MLS
Mls ID: #MDSO2006116