43 Grand Port RdOcean PinesMD21811
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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 Ocean Pines at 43 Grand Port Rd, Ocean Pines, MD, 21811 priced at $429,900 converts $2,863/mo rent into $189/mo cash flow after a $2,104/mo obligation. Total monthly income equals $2,863/mo, and annual cash flow totals $2,273/yr on $142,512 invested. Return on cash invested prints 21.5% in year one, and rental yield reads 7.99% against a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation compiles into $118,773 by year five. Five-year ROI reaches 111.44% and total cumulative return in cash sums $158,815. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,863/mo property income covering a $2,104/mo payment, not borrower’s personal income.
Single Family
Built in 1996
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21811, Berlin, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,557 (100%) |
| Owner Occupied HU | 8,949 (54.0%) |
| Renter Occupied HU | 2,329 (14.1%) |
| Vacant Housing Units | 5,279 (31.9%) |
| Median Home Value | $402,871 |
| Average Home Value | $482,648 |
Housing Distribution
Address Breakdown
Residential
13,440
Single Family
11,760
Multi-Family
1,680
Businesses
837
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Listed by: Donna Frankowski • ERA Martin Associates, Shamrock Division
Mls Name: Bright MLS
Mls ID: #MDWO2034772