403 Water StSharptownMD21861
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Sharptown at 403 Water St, Sharptown, MD, 21861 priced at $264,900 converts $2,099/mo rent into $451/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,099/mo, and annual cash flow totals $5,412/yr on $87,814 invested. Return on cash invested prints 26.07% in year one, and rental yield reads 9.51% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 135.92% and total cumulative return in cash sums $119,360. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,099/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1914
6,416 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21861, Sharptown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 332 (100%) |
| Owner Occupied HU | 239 (72.0%) |
| Renter Occupied HU | 64 (19.3%) |
| Vacant Housing Units | 29 ( 8.7%) |
| Median Home Value | $229,741 |
| Average Home Value | $274,927 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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