44 Stony Chase DrElktonMD21921
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 Elkton at 44 Stony Chase Dr, Elkton, MD, 21921 priced at $115,000 converts $885/mo rent into $170/mo cash flow after a $563/mo obligation. Total monthly income equals $885/mo, and annual cash flow totals $2,035/yr on $38,123 invested. Return on cash invested prints 25.25% in year one, and rental yield reads 9.23% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 131.57% and total cumulative return in cash sums $50,157. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $885/mo property income covering a $563/mo payment, not borrower’s personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21921, Elkton, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,232 (100%) |
| Owner Occupied HU | 12,221 (63.5%) |
| Renter Occupied HU | 5,679 (29.5%) |
| Vacant Housing Units | 1,332 ( 6.9%) |
| Median Home Value | $352,617 |
| Average Home Value | $392,461 |
Housing Distribution
Address Breakdown
Residential
17,982
Single Family
17,763
Multi-Family
219
Businesses
995
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices