360 S Cleveland AveHagerstownMD21740
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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
Rental property for sale in Hagerstown at 360 S Cleveland Ave, Hagerstown, MD, 21740 priced at $248,900 converts $1,987/mo rent into $439/mo cash flow after a $1,218/mo obligation. Total monthly income equals $1,987/mo, and annual cash flow totals $5,271/yr on $82,510 invested. Return on cash invested prints 26.3% in year one, and rental yield reads 9.58% against a $248,900 entry. Equity gained on principal adds $1,606/yr, while 5% annual appreciation compiles into $68,766 by year five. Five-year ROI reaches 137.19% and total cumulative return in cash sums $113,197. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,987/mo property income covering a $1,218/mo payment, not borrower’s personal income.
Single Family
Built in 1940
5,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21740, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,521 (100%) |
| Owner Occupied HU | 14,671 (51.4%) |
| Renter Occupied HU | 11,531 (40.4%) |
| Vacant Housing Units | 2,319 ( 8.1%) |
| Median Home Value | $288,026 |
| Average Home Value | $345,481 |
Housing Distribution
Address Breakdown
Residential
26,569
Single Family
22,946
Multi-Family
3,623
Businesses
2,422
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Listed by: Craig Marsh • Marsh Realty
Mls Name: Bright MLS
Mls ID: #MDWA2033568