311 Mikes Way, Stevensville, MD, 21666 | $982/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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311 Mikes Way, Stevensville, MD, 21666 | $982/mo Cash Flow | 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 Stevensville at 311 Mikes Way, Stevensville, MD, 21666 uses $154,148 cash to close to unlock $11,782/yr annual cash flow and $982/mo monthly cash flow. Total monthly income runs $3,874/mo, and a $2,276/mo payment keeps the spread at $982/mo. Purchase price stands at $465,000, and rental yield measures 10% with $3,874/mo rent. Return on cash invested shows 27.55% in year one, and 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 143.87% and total cumulative return in cash records $221,771. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,874/mo property income covering a $2,276/mo payment rather than investor’s personal income.

Townhouse

Built in 2020

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this stunning home in the sought-after Ellendale community of Stevensville, Maryland, where comfort and convenience meet coastal charm. The lower level boasts a spacious great room perfect for entertaining, a stylish half bath, and access to the oversized two-car garage. On the main level, youll love the flow of luxury vinyl flooring, a gourmet kitchen with granite countertops and stainless steel appliances, custom blinds, a large deck, and open living and dining spaces designed for both relaxation and entertaining. Upstairs, the owners suite features a vaulted ceiling, spa-like bath, and walk-in closet. Two additional bedrooms, a hall bath, and a convenient upper-level laundry room complete this perfect layout. Living in Ellendale means more than just a beautiful homeyoull enjoy access to fantastic community amenities, including a pool, clubhouse, playgrounds, walking trails, and water access. All this in an unbeatable location just minutes from the Bay Bridge, shopping, and dining. Dont miss the chance to call this Ellendale gem your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21666, Stevensville, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,767 (100%)
Owner Occupied HU	4,807 (83.4%)
Renter Occupied HU	520 ( 9.0%)
Vacant Housing Units	440 ( 7.6%)
Median Home Value	$536,306
Average Home Value	$671,212