3631 Greenpoint RdEast New MarketMD21631
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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 East New Market at 3631 Greenpoint Rd, East New Market, MD, 21631 generates $2,418/mo in rent and, after a $1,786/mo payment, leaves $148/mo in cash flow. Total monthly income is $2,418/mo, and annual cash flow is $1,781/yr on $120,998 invested. Return on cash invested sits at 21.38% in year one, and rental yield is 7.95% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 110.8% and total cumulative return in cash sums $134,059. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,418/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
2.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21631, East New Market, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,256 (100%) |
| Owner Occupied HU | 972 (77.4%) |
| Renter Occupied HU | 155 (12.3%) |
| Vacant Housing Units | 129 (10.3%) |
| Median Home Value | $282,824 |
| Average Home Value | $279,347 |
Housing Distribution
Address Breakdown
Residential
1,041
Single Family
1,022
Multi-Family
19
Businesses
38
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Listed by: Lisa Knotts • Meredith Fine Properties
Mls Name: Bright MLS
Mls ID: #MDDO2010594