32 Millbridge CtNottinghamMD21236
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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 Nottingham at 32 Millbridge Ct, Nottingham, MD, 21236 priced at $350,000 converts $2,431/mo rent into $254/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,431/mo, and annual cash flow totals $3,051/yr on $116,025 invested. Return on cash invested prints 22.54% in year one, and rental yield reads 8.33% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 117.01% and total cumulative return in cash sums $135,758. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,431/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Townhouse
Built in 1985
1,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21236, Nottingham, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,587 (100%) |
| Owner Occupied HU | 11,831 (67.3%) |
| Renter Occupied HU | 4,960 (28.2%) |
| Vacant Housing Units | 796 ( 4.5%) |
| Median Home Value | $345,118 |
| Average Home Value | $376,114 |
Housing Distribution
Address Breakdown
Residential
16,803
Single Family
12,864
Multi-Family
3,939
Businesses
1,305
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Listed by: Chris Carr • HomeZu
Mls Name: Bright MLS
Mls ID: #MDBC2136974