318 Lincoln DrChestertownMD21620
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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 Chestertown at 318 Lincoln Dr, Chestertown, MD, 21620 uses $89,174 cash to close to unlock $6,499/yr annual cash flow and $542/mo monthly cash flow. Total monthly income runs $2,215/mo, and a $1,317/mo payment keeps the spread at $542/mo. Purchase price stands at $269,000, and rental yield measures 9.88% with $2,215/mo rent. Return on cash invested shows 27.2% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 142% and total cumulative return in cash records $126,623. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,215/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21620, Chestertown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,256 (100%) |
| Owner Occupied HU | 3,591 (57.4%) |
| Renter Occupied HU | 1,696 (27.1%) |
| Vacant Housing Units | 969 (15.5%) |
| Median Home Value | $373,354 |
| Average Home Value | $477,344 |
Housing Distribution
Address Breakdown
Residential
5,889
Single Family
5,427
Multi-Family
462
Businesses
634
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Listed by: Kristina Hyland • Coldwell Banker Chesapeake Real Estate Company
Mls Name: Bright MLS
Mls ID: #MDKE2005842