502 Marion Quimby DrStevensvilleMD21666
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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 Stevensville at 502 Marion Quimby Dr, Stevensville, MD, 21666 uses $82,875 cash to close to unlock $8,361/yr annual cash flow and $697/mo monthly cash flow. Total monthly income runs $2,252/mo, and a $1,224/mo payment keeps the spread at $697/mo. Purchase price stands at $250,000, and rental yield measures 10.81% with $2,252/mo rent. Return on cash invested shows 30% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 156.99% and total cumulative return in cash records $130,102. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,252/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21666, Stevensville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,767 (100%) |
| Owner Occupied HU | 4,807 (83.4%) |
| Renter Occupied HU | 520 ( 9.0%) |
| Vacant Housing Units | 440 ( 7.6%) |
| Median Home Value | $536,306 |
| Average Home Value | $671,212 |
Housing Distribution
Address Breakdown
Residential
5,679
Single Family
5,451
Multi-Family
228
Businesses
616
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Listed by: Bevia Patrick • Keller Williams Flagship
Mls Name: Bright MLS
Mls ID: #MDQA2014372