500 Salem AveHagerstownMD21740
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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
Rental property for sale in Hagerstown at 500 Salem Ave, Hagerstown, MD, 21740 offers $1,627/mo rent that, after a $3,304/mo payment. Total monthly income is $1,627/mo. Return on cash invested measures 6.17% in year one, and rental yield stands at 2.89% at a $675,000 entry. Equity gained on principal adds $4,356/yr while 5% annual appreciation compounds into $186,490 by year five. Five-year ROI records 29.15% and total cumulative return in cash reaches $64,743. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,627/mo property income versus a $3,304/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21740, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,521 (100%) |
| Owner Occupied HU | 14,671 (51.4%) |
| Renter Occupied HU | 11,531 (40.4%) |
| Vacant Housing Units | 2,319 ( 8.1%) |
| Median Home Value | $288,026 |
| Average Home Value | $345,481 |
Housing Distribution
Address Breakdown
Residential
26,569
Single Family
22,946
Multi-Family
3,623
Businesses
2,422
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Listed by: Roberto Gonzalez • RG Realty, Inc.
Mls Name: Bright MLS
Mls ID: #MDWA2032214