346 Narrows Pointe DrGrasonvilleMD21638
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
Investment property for sale in Grasonville at 346 Narrows Pointe Dr, Grasonville, MD, 21638 listed at $1,310,000 pairs $5,116/mo rent with a $6,412/mo payment. Total monthly income runs $5,116/mo. Return on cash invested measures 11.8% in year one, and rental yield registers 4.69% at a $1,310,000 basis. Equity gained on principal adds $8,453/yr, and annual property appreciation at 5% supports $361,929 by year five. Five-year ROI tracks 59.3% and total cumulative return in cash totals $251,675. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,116/mo property income relative to a $6,412/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21638, Grasonville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,357 (100%) |
| Owner Occupied HU | 1,698 (72.0%) |
| Renter Occupied HU | 394 (16.7%) |
| Vacant Housing Units | 265 (11.2%) |
| Median Home Value | $519,724 |
| Average Home Value | $610,355 |
Housing Distribution
Address Breakdown
Residential
2,241
Single Family
2,110
Multi-Family
131
Businesses
180
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Listed by: Lori G Woods-Fortney • Berkshire Hathaway HomeServices Homesale Realty
Mls Name: Bright MLS
Mls ID: #MDQA2014926