330 Cecil StChesapeake CityMD21915
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Chesapeake City at 330 Cecil St, Chesapeake City, MD, 21915 offers $3,420/mo rent that, after a $3,030/mo payment. Total monthly income is $3,420/mo. Return on cash invested measures 17.53% in year one, and rental yield stands at 6.63% at a $619,000 entry. Equity gained on principal adds $3,994/yr while 5% annual appreciation compounds into $171,018 by year five. Five-year ROI records 90.07% and total cumulative return in cash reaches $183,433. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,420/mo property income versus a $3,030/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
5,998 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anne Peoples • Patterson-Schwartz Real Estate
Mls Name: Bright MLS
Mls ID: #MDCC2019620