438 Ocean Pkwy UNIT 39Ocean 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 UNIT 39, Ocean Pines, MD, 21811 offers a 11.97% rental yield on a $245,000 purchase with $2,443/mo rent. Total monthly income registers $2,443/mo, and a $1,199/mo payment leaves $919/mo available for distribution. Annual cash flow reaches $11,033/yr on $81,218 to close, and return on cash invested stands at 33.49% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 175.77% and total cumulative return in cash at $142,752. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,443/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Dianna Harris • Atlantic Shores Sotheby's International Realty
Mls Name: Bright MLS
Mls ID: #MDWO2035404