4067 Songbird LnBroomes IslandMD20615
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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 Broomes Island at 4067 Songbird Ln, Broomes Island, MD, 20615 uses $124,147 cash to close to unlock $6,561/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $2,876/mo, and a $1,833/mo payment keeps the spread at $547/mo. Purchase price stands at $374,500, and rental yield measures 9.22% with $2,876/mo rent. Return on cash invested shows 25.19% in year one, and 5% annual appreciation builds toward $103,467 over five years. Five-year ROI reaches 131.23% and total cumulative return in cash records $162,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,876/mo property income covering a $1,833/mo payment rather than investor’s personal income.
Single Family
Built in 1987
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20615, Broomes Island, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 221 (100%) |
| Owner Occupied HU | 147 (66.5%) |
| Renter Occupied HU | 31 (14.0%) |
| Vacant Housing Units | 43 (19.5%) |
| Median Home Value | $507,979 |
| Average Home Value | $565,221 |
Housing Distribution
Address Breakdown
Residential
147
Single Family
147
Multi-Family
0
Businesses
5
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Listed by: N/A • N/A
Mls Name: EXIT Realty broker feed
Mls ID: #MDCA2017628