40480 Parsons Mill RdLeonardtownMD20650
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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 Leonardtown at 40480 Parsons Mill Rd, Leonardtown, MD, 20650 generates $2,400/mo in rent, after a $2,153/mo payment. Total monthly income is $2,400/mo. Return on cash invested sits at 17.15% in year one, and rental yield is 6.55% on a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 88.08% and total cumulative return in cash sums $128,451. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
3.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20650, Leonardtown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,429 (100%) |
| Owner Occupied HU | 4,652 (72.4%) |
| Renter Occupied HU | 1,183 (18.4%) |
| Vacant Housing Units | 594 ( 9.2%) |
| Median Home Value | $490,089 |
| Average Home Value | $538,975 |
Housing Distribution
Address Breakdown
Residential
5,527
Single Family
5,209
Multi-Family
318
Businesses
525
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Listed by: John Gatton • CENTURY 21 New Millennium
Mls Name: Bright MLS
Mls ID: #MDSM2026394