390 Hurtt AveMillingtonMD21651
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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 Millington at 390 Hurtt Ave, Millington, MD, 21651 generates $2,428/mo in rent and, after a $1,566/mo payment, leaves $438/mo in cash flow. Total monthly income is $2,428/mo, and annual cash flow is $5,258/yr on $106,047 invested. Return on cash invested sits at 24.87% in year one, and rental yield is 9.11% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 129.5% and total cumulative return in cash sums $137,336. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,428/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
10,008 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21651, Millington, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,219 (100%) |
| Owner Occupied HU | 873 (71.6%) |
| Renter Occupied HU | 245 (20.1%) |
| Vacant Housing Units | 101 ( 8.3%) |
| Median Home Value | $271,934 |
| Average Home Value | $396,357 |
Housing Distribution
Address Breakdown
Residential
975
Single Family
975
Multi-Family
0
Businesses
52
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Listed by: Demetra Rice • Rice Premier Properties LLC
Mls Name: Bright MLS
Mls ID: #MDKE2005474