42 Fairground AveHagerstownMD21740
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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 Hagerstown at 42 Fairground Ave, Hagerstown, MD, 21740 listed at $175,000 pairs $1,358/mo rent with a $857/mo payment to leave $269/mo cash flow. Total monthly income runs $1,358/mo, and annual cash flow reaches $3,229/yr on $58,013 cash to close. Return on cash invested measures 25.48% in year one, and rental yield registers 9.31% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 132.83% and total cumulative return in cash totals $77,059. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,358/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1935
2,233 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21740, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,521 (100%) |
| Owner Occupied HU | 14,671 (51.4%) |
| Renter Occupied HU | 11,531 (40.4%) |
| Vacant Housing Units | 2,319 ( 8.1%) |
| Median Home Value | $288,026 |
| Average Home Value | $345,481 |
Housing Distribution
Address Breakdown
Residential
26,569
Single Family
22,946
Multi-Family
3,623
Businesses
2,422
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Listed by: Misty Hott Ernde • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #MDWA2032686