3840 Normandy Dr APT 3BHampsteadMD21074
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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 Hampstead at 3840 Normandy Dr APT 3B, Hampstead, MD, 21074 generates $2,065/mo in rent and, after a $1,199/mo payment, leaves $542/mo in cash flow. Total monthly income is $2,065/mo, and annual cash flow is $6,498/yr on $81,184 invested. Return on cash invested sits at 27.91% in year one, and rental yield is 10.12% on a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 145.84% and total cumulative return in cash sums $118,397. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,065/mo property income rather than buyer’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21074, Hampstead, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,200 (100%) |
| Owner Occupied HU | 5,069 (81.8%) |
| Renter Occupied HU | 898 (14.5%) |
| Vacant Housing Units | 233 ( 3.8%) |
| Median Home Value | $400,730 |
| Average Home Value | $470,781 |
Housing Distribution
Address Breakdown
Residential
6,016
Single Family
5,795
Multi-Family
221
Businesses
359
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