318 Mealey PkwyHagerstownMD21742
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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 Hagerstown at 318 Mealey Pkwy, Hagerstown, MD, 21742 priced at $247,700 converts $2,254/mo rent into $714/mo cash flow after a $1,212/mo obligation. Total monthly income equals $2,254/mo, and annual cash flow totals $8,566/yr on $82,113 invested. Return on cash invested prints 30.34% in year one, and rental yield reads 10.92% against a $247,700 entry. Equity gained on principal adds $1,598/yr, while 5% annual appreciation compiles into $68,435 by year five. Five-year ROI reaches 158.84% and total cumulative return in cash sums $130,424. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,254/mo property income covering a $1,212/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21742, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,303 (100%) |
| Owner Occupied HU | 9,197 (64.3%) |
| Renter Occupied HU | 4,190 (29.3%) |
| Vacant Housing Units | 916 ( 6.4%) |
| Median Home Value | $347,065 |
| Average Home Value | $391,442 |
Housing Distribution
Address Breakdown
Residential
14,152
Single Family
12,576
Multi-Family
1,576
Businesses
762
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Listed by: N/A • N/A
Mls Name: Berkshire Hathaway HomeServices Homesale Realty
Mls Provider:
Mls ID: #MDWA2023156