38 Osprey Way, Elkton, MD, 21921 | 3.8% Rental Yield

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38 Osprey Way, Elkton, MD, 21921 | 3.8% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elkton at 38 Osprey Way, Elkton, MD, 21921 with 5% annual appreciation on a $1,600,000 basis while $5,071/mo rent supports operations. 07% in year one. Equity gained on principal adds $10,325/yr, and five-year appreciation sums $442,051 alongside rental yield of 3.8%. Five-year ROI measures 44.67% and total cumulative return in cash totals $231,579. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,071/mo property income versus a $7,831/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1995

3.12 Acres lot

$N/A/sqft

No HOA

More details about the property

Waterfront Retreat with Endless Potential! Set on 3.2 picturesque acres with direct waterfront access, this unique property blends modern updates with rustic charm. Recent renovations include new windows, flooring, plumbing in the basement, four-zone HVAC, a luxury oversized deck, and a new pool pump. Inside, youll find a spacious layout featuring an in-law suite, basement bar, and multiple living areas, with the lower level partially finished and awaiting your final touches. Outdoors, enjoy a private inground pool, massive pole barn, and a dock with new woodworkideal for boating, fishing, or simply soaking in the serene views. Whether you envision a full-time residence, multi-generational living, or a weekend retreat, this home offers the foundation for something truly extraordinary. This is a rare chance to create your dream waterfront estate in a setting that combines privacy, charm, and luxury potential.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21921, Elkton, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,232 (100%)
Owner Occupied HU	12,221 (63.5%)
Renter Occupied HU	5,679 (29.5%)
Vacant Housing Units	1,332 ( 6.9%)
Median Home Value	$352,617
Average Home Value	$392,461