311 W Philadelphia AveSalisburyMD21801
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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
Rental property for sale in Salisbury at 311 W Philadelphia Ave, Salisbury, MD, 21801 priced at $399,900 converts $1,741/mo rent into after a $1,957/mo obligation. Total monthly income equals $1,741/mo. Return on cash invested prints 13.16% in year one, and rental yield reads 5.22% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 66.7% and total cumulative return in cash sums $88,424. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,741/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 1924
10,022 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21801, Salisbury, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,627 (100%) |
| Owner Occupied HU | 6,592 (52.2%) |
| Renter Occupied HU | 5,172 (41.0%) |
| Vacant Housing Units | 863 ( 6.8%) |
| Median Home Value | $311,130 |
| Average Home Value | $357,046 |
Housing Distribution
Address Breakdown
Residential
11,939
Single Family
10,981
Multi-Family
958
Businesses
1,539
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