423 Cypress StMillingtonMD21651
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 Millington at 423 Cypress St, Millington, MD, 21651 offers $2,400/mo rent that, after a $1,591/mo payment, leaves $378/mo cash flow. Total monthly income is $2,400/mo, and annual cash flow is $4,540/yr on $107,738 cash. Return on cash invested measures 24.12% in year one, and rental yield stands at 8.86% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 125.51% and total cumulative return in cash reaches $135,217. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
6,447 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21651, Millington, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,219 (100%) |
| Owner Occupied HU | 873 (71.6%) |
| Renter Occupied HU | 245 (20.1%) |
| Vacant Housing Units | 101 ( 8.3%) |
| Median Home Value | $271,934 |
| Average Home Value | $396,357 |
Housing Distribution
Address Breakdown
Residential
975
Single Family
975
Multi-Family
0
Businesses
52
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Listed by: Jenyne Ward • Patterson-Schwartz Real Estate
Mls Name: Bright MLS
Mls ID: #MDKE2006068