346 Delaware AveSalisburyMD21801
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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 Salisbury at 346 Delaware Ave, Salisbury, MD, 21801 with 5% annual appreciation on a $140,000 basis while $1,419/mo rent supports operations. Total monthly income totals $1,419/mo and a $685/mo payment preserves $549/mo for cash returns. Annual cash flow comes to $6,582/yr on $46,410 deployed, and return on cash invested reaches 34.09% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 12.16%. Five-year ROI measures 178.98% and total cumulative return in cash totals $83,062.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,419/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1945
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21801, Salisbury, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,627 (100%) |
| Owner Occupied HU | 6,592 (52.2%) |
| Renter Occupied HU | 5,172 (41.0%) |
| Vacant Housing Units | 863 ( 6.8%) |
| Median Home Value | $311,130 |
| Average Home Value | $357,046 |
Housing Distribution
Address Breakdown
Residential
11,939
Single Family
10,981
Multi-Family
958
Businesses
1,539
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