31667 W Edge RdMillingtonMD21651
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 31667 W Edge Rd, Millington, MD, 21651 in Millington: $3,768/mo in rent, $273/mo in net income, 8.05% gross yield, 1.49 DSCR, all at $562,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $155,270 in appreciation and $5,176/yr in principal paydown projects total cumulative return of $230,758.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.0% |
| Monthly Cash Flow | $273 | $850 |
City averages based on Millington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,768 |
| Total Monthly Debt Service | $3,272 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2006
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21651, Millington, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,219 (100%) |
| Owner Occupied HU | 873 (71.6%) |
| Renter Occupied HU | 245 (20.1%) |
| Vacant Housing Units | 101 ( 8.3%) |
| Median Home Value | $271,934 |
| Average Home Value | $396,357 |
Housing Distribution
Address Breakdown
Residential
975
Single Family
975
Multi-Family
0
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2006
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21651, Millington, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,219 (100%) |
| Owner Occupied HU | 873 (71.6%) |
| Renter Occupied HU | 245 (20.1%) |
| Vacant Housing Units | 101 ( 8.3%) |
| Median Home Value | $271,934 |
| Average Home Value | $396,357 |
Housing Distribution
Address Breakdown
Residential
975
Single Family
975
Multi-Family
0
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bright MLS
Mls ID: #MDKE2006262