3400 Hanover PikeManchesterMD21102
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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 Manchester at 3400 Hanover Pike, Manchester, MD, 21102 offers a 7.75% rental yield on a $385,000 purchase with $2,486/mo rent. Total monthly income registers $2,486/mo, and a $1,884/mo payment leaves $92/mo available for distribution. Annual cash flow reaches $1,102/yr on $127,628 to close, and return on cash invested stands at 20.77% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 107.51% and total cumulative return in cash at $137,206. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,486/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21102, Manchester, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,567 (100%) |
| Owner Occupied HU | 3,935 (86.2%) |
| Renter Occupied HU | 464 (10.2%) |
| Vacant Housing Units | 168 ( 3.7%) |
| Median Home Value | $437,756 |
| Average Home Value | $490,443 |
Housing Distribution
Address Breakdown
Residential
4,221
Single Family
4,221
Multi-Family
0
Businesses
186
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Listed by: Amy Linton • Iron Valley Real Estate of Central MD
Mls Name: Bright MLS
Mls ID: #MDCR2031950