321 Robin DrOcean CityMD21842
Nearby investment properties with comparable rents
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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 Ocean City at 321 Robin Dr, Ocean City, MD, 21842 priced at $613,000 pairs $2,203/mo rent with after a $3,000/mo payment. Total monthly income equals $2,203/mo. Return on cash invested is 10.49% in year one, and rental yield stands at 4.31% on a $613,000 basis. Equity gained on principal adds $3,956/yr, and 5% annual appreciation accumulates to $169,361 by year five. Five-year ROI measures 52.31% and total cumulative return in cash reaches $105,505. For financing, Ziffy Mortgage’s DSCR program evaluates $2,203/mo property income against a $3,000/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
5,044 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21842, Ocean City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,930 (100%) |
| Owner Occupied HU | 4,053 (12.3%) |
| Renter Occupied HU | 1,593 ( 4.8%) |
| Vacant Housing Units | 27,284 (82.9%) |
| Median Home Value | $504,097 |
| Average Home Value | $573,881 |
Housing Distribution
Address Breakdown
Residential
7,594
Single Family
6,265
Multi-Family
1,329
Businesses
1,500
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Listed by: Ed Balcerzak JR. • Berkshire Hathaway HomeServices PenFed Realty-WOC
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDWO2034676
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