505 Maryland AveRidgelyMD21660
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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 Ridgely at 505 Maryland Ave, Ridgely, MD, 21660 at $299,000 posts ROI 23.02% with $257/mo cash flow from $2,116/mo rent. Total monthly income equals $2,116/mo, and annual cash flow records $3,082/yr on $99,119 to close. Return on cash invested measures 23.02% and rental yield reads 8.49% at the current $299,000. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 by year five. Five-year ROI prints 119.55% and total cumulative return in cash totals $118,498.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,116/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1989
10,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21660, Ridgely, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,618 (100%) |
| Owner Occupied HU | 1,161 (71.8%) |
| Renter Occupied HU | 337 (20.8%) |
| Vacant Housing Units | 120 ( 7.4%) |
| Median Home Value | $350,195 |
| Average Home Value | $367,097 |
Housing Distribution
Address Breakdown
Residential
1,503
Single Family
1,503
Multi-Family
0
Businesses
125
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