3192 Augustine Herman HwyChesapeake CityMD21915
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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 Chesapeake City at 3192 Augustine Herman Hwy, Chesapeake City, MD, 21915 offers a 2.64% rental yield on a $1,500,000 purchase with $3,298/mo rent. 48% in year one. Equity gained on principal adds $9,679/yr while 5% annual appreciation supports $414,422 over five years. Portfolio math shows five-year ROI at 25.4% and total cumulative return in cash at $123,431. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,298/mo property income against a $7,342/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21915, Chesapeake City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,660 (100%) |
| Owner Occupied HU | 1,157 (69.7%) |
| Renter Occupied HU | 203 (12.2%) |
| Vacant Housing Units | 300 (18.1%) |
| Median Home Value | $430,420 |
| Average Home Value | $451,891 |
Housing Distribution
Address Breakdown
Residential
1,442
Single Family
1,412
Multi-Family
30
Businesses
132
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Listed by: David Landon • Patterson-Schwartz-Newark
Mls Name: Bright MLS
Mls ID: #MDCC2018810