359 Razor Strap RdNorth EastMD21901
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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 North East at 359 Razor Strap Rd, North East, MD, 21901 with 5% annual appreciation on a $421,999 basis while $2,888/mo rent supports operations. Total monthly income totals $2,888/mo and a $2,065/mo payment preserves $264/mo for cash returns. Annual cash flow comes to $3,166/yr on $139,893 deployed, and return on cash invested reaches 22.17% in year one. Equity gained on principal adds $2,723/yr, and five-year appreciation sums $116,591 alongside rental yield of 8.21%. Five-year ROI measures 115.01% and total cumulative return in cash totals $160,895.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,888/mo property income versus a $2,065/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21901, North East, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,213 (100%) |
| Owner Occupied HU | 5,121 (62.4%) |
| Renter Occupied HU | 2,190 (26.7%) |
| Vacant Housing Units | 902 (11.0%) |
| Median Home Value | $395,977 |
| Average Home Value | $418,006 |
Housing Distribution
Address Breakdown
Residential
7,934
Single Family
7,364
Multi-Family
570
Businesses
460
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Listed by: Lonnie Gilmore • Keller Williams Flagship
Mls Name: Bright MLS
Mls ID: #MDCC2020018