438 Ocean Pkwy #17Ocean PinesMD21811
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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 Ocean Pines at 438 Ocean Pkwy #17, Ocean Pines, MD, 21811 uses $81,218 cash to close to unlock $10,013/yr annual cash flow and $834/mo monthly cash flow. Total monthly income runs $2,358/mo, and a $1,199/mo payment keeps the spread at $834/mo. Purchase price stands at $245,000, and rental yield measures 11.55% with $2,358/mo rent. Return on cash invested shows 32.24% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 169.03% and total cumulative return in cash records $137,280. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,358/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Townhouse
Built in 1973
N/A 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: Grace Masten • Sea Grace @ North Beach Realtors
Mls Name: Bright MLS
Mls ID: #MDWO2032618