39 Riverside DrElktonMD21921
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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 Elkton at 39 Riverside Dr, Elkton, MD, 21921 priced at $945,000 converts $5,182/mo rent into after a $4,625/mo obligation. Total monthly income equals $5,182/mo. Return on cash invested prints 17.38% in year one, and rental yield reads 6.58% against a $945,000 entry. Equity gained on principal adds $6,098/yr, while 5% annual appreciation compiles into $261,086 by year five. Five-year ROI reaches 89.26% and total cumulative return in cash sums $277,516. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,182/mo property income covering a $4,625/mo payment, not borrower’s personal income.
Single Family
Built in 2003
0.83 Acres lot
$N/A/sqft
No HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
17,982
Single Family
17,763
Multi-Family
219
Businesses
995
Price History
Date | Event | Price |
|---|---|---|
| 2025-07-14 | Sold | $945,000 |
| 2025-06-16 | Pending sale | $965,000 |
| 2025-05-03 | Listed for sale | $965,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-10-12 | N/A | N/A | $617,267 | 6.41% |
| 2024-10-12 | $6348.61 | 3.82% | $580,100 | 4.77% |
| 2023-10-12 | $6115.06 | 2.96% | $553,700 | -4.55% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2003
- Architectural Style: Ranch/Rambler
- Building Area: 6,480
- Living Area: 3,240 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Heat Pump, Natural Gas
- Cooling: Central Air, Zoned, Electric
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Garage Faces Rear, Oversized, Attached, Driveway
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: On Site Septic
- Water Source: Well
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Loura Quinn • RE/MAX Chesapeake
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDCC2016872
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