477 Hances Point Rd, North East, MD, 21901 | 6.85% Rental Yield | Ziffy
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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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NMLS #2625701
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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
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Investment Highlights

Rental property for sale in North East at 477 Hances Point Rd, North East, MD, 21901 generates $3,852/mo in rent, after a $3,304/mo payment. Total monthly income is $3,852/mo. Return on cash invested sits at 18.19% in year one, and rental yield is 6.85% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 93.62% and total cumulative return in cash sums $207,915. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,852/mo property income rather than buyer’s personal income.

Single Family

Built in 1998

1.51 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 477 Hances Point Rd. You will fall in love with the nature setting and privacy offered with the 1.5 acres. Beautiful open floor plan a first-floor primary bedroom suite with a large updated bathroom feature an oversized tub, a separate shower, dual vanities, and convenient first-floor laundry. Enjoy the warmth in the winters from the living room wood stove. Beautiful kitchen that offers updated quartz counter tops and breakfast bar. Upstairs offers three bedrooms, each with walk-in closets, and another bathroom. A finished basement is just another fantastic feature of the home. Bar, pool table, and large layout makes this your new game day spot for entertaining and has a whole house generator!Recent updates include a brand-new roof, a new back deck with an outdoor shower, a new tankless hot water heater, and a new HVAC system, among many other improvements. Meticulously maintained and cared for by the owners over the years. Do not miss your chance, schedule a showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 21901, North East, MD area.

Housing Distribution

Housing Statistics

CategoryValue
Total HU (Housing Units)8,213 (100%)
Owner Occupied HU5,121 (62.4%)
Renter Occupied HU2,190 (26.7%)
Vacant Housing Units902 (11.0%)
Median Home Value$395,977
Average Home Value$418,006

Address Breakdown

Residential

7,934

Single Family

7,364

Multi-Family

570

Businesses

460

Price History

Date

Event

Price

No price history data available

Tax History

Date

Tax Paid

Tax Increase Rate

Value

Value Increase Rate

No tax history data available
Loan officer
Loan officer
Loan officer
Powered by
Ziffy Mortgage
NMLS #2625701
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Facts & Features

General Information

  • Type: SingleFamily
  • Year Built: 1998
  • Architectural Style: N/A
  • Building Area: N/A
  • Living Area: N/A
  • Property Condition: N/A

Features & Amenities

  • Heating: N/A
  • Cooling: N/A
  • Flooring: N/A
  • Interior Features: N/A
  • Exterior Features: N/A
  • Parking Features: Garage Faces Front, Garage Door Opener, Inside Entrance, Attached, Driveway

Location

  • City: North East
  • State: MD
  • Subdivision: N/A
  • Lot Size: 1.51 Acres
  • Lot Features: N/A
  • View: N/A

HOA & Fees

  • HOA Fee: N/A
  • Association Fee: N/A
  • Fees & Dues: N/A
  • Association Amenities: N/A
  • Association Fee Includes: N/A

Utilities

  • Utilities: N/A
  • Sewer: N/A
  • Water Source: N/A
  • Road Surface Type: N/A

School Information

  • Elementary School: N/A
  • Middle School: N/A
  • High School: N/A

Listed by: Eric Wade • Integrity Real Estate 

Mls Name: Bright MLS

Mls ID: #MDCC2019550

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