31655 Morris Leonard RdParsonsburgMD21849
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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 Parsonsburg at 31655 Morris Leonard Rd, Parsonsburg, MD, 21849 earns from $3,107/mo rent with a $2,741/mo payment. Total monthly income totals $3,107/mo. ROI tracks 17.61% on current figures, and rental yield reads 6.66% at a $560,000 purchase. Equity gained on principal adds $3,614/yr, and 5% annual appreciation supports $154,718 over five years. Five-year ROI reaches 90.52% and total cumulative return in cash sums $166,769. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,107/mo property income instead of your personal income.
Single Family
Built in 1971
10.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21849, Parsonsburg, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,340 (100%) |
| Owner Occupied HU | 1,033 (77.1%) |
| Renter Occupied HU | 234 (17.5%) |
| Vacant Housing Units | 73 ( 5.4%) |
| Median Home Value | $303,589 |
| Average Home Value | $361,859 |
Housing Distribution
Address Breakdown
Residential
1,304
Single Family
1,304
Multi-Family
0
Businesses
50
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Listed by: Mark Barker • Keller Williams Realty Delmarva
Mls Name: Bright MLS
Mls ID: #MDWC2019930