38440 Laurel Ridge CtMechanicsvilleMD20659
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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 Mechanicsville at 38440 Laurel Ridge Ct, Mechanicsville, MD, 20659 uses $109,362 cash to close to unlock $3,311/yr annual cash flow and $276/mo monthly cash flow. Total monthly income runs $2,328/mo, and a $1,615/mo payment keeps the spread at $276/mo. Purchase price stands at $329,900, and rental yield measures 8.47% with $2,328/mo rent. Return on cash invested shows 22.94% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 119.1% and total cumulative return in cash records $130,251. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,328/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20659, Mechanicsville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,777 (100%) |
| Owner Occupied HU | 7,403 (84.3%) |
| Renter Occupied HU | 990 (11.3%) |
| Vacant Housing Units | 384 ( 4.4%) |
| Median Home Value | $439,667 |
| Average Home Value | $481,639 |
Housing Distribution
Address Breakdown
Residential
8,461
Single Family
8,460
Multi-Family
1
Businesses
328
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Listed by: Angie Carle • Home Sweet Home Real Estate LLC
Mls Name: Bright MLS
Mls ID: #MDSM2026238