407 Tingle StSnow HillMD21863
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 407 Tingle St, Snow Hill, MD, 21863 in Snow Hill: $2,604/mo in rent, $1,255/mo net, 14.41% gross yield, all on a $216,900 acquisition. The 2.67 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $59,925 in value, and $1,998/yr in principal paydown steadily builds equity. Projected total cumulative return: $163,060.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.4% | 7.5% |
| Monthly Cash Flow | $1,255 | $650 |
City averages based on Snow Hill market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,604 |
| Total Monthly Debt Service | $1,263 |
| DSCR Ratio | 2.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21863, Snow Hill, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,223 (100%) |
| Owner Occupied HU | 1,438 (64.7%) |
| Renter Occupied HU | 526 (23.7%) |
| Vacant Housing Units | 259 (11.7%) |
| Median Home Value | $314,286 |
| Average Home Value | $382,465 |
Housing Distribution
Address Breakdown
Residential
2,133
Single Family
2,099
Multi-Family
34
Businesses
238
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
Single Family
Built in 1920
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21863, Snow Hill, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,223 (100%) |
| Owner Occupied HU | 1,438 (64.7%) |
| Renter Occupied HU | 526 (23.7%) |
| Vacant Housing Units | 259 (11.7%) |
| Median Home Value | $314,286 |
| Average Home Value | $382,465 |
Housing Distribution
Address Breakdown
Residential
2,133
Single Family
2,099
Multi-Family
34
Businesses
238
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices