508 Summerset Ct #33SolomonsMD20688
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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 Solomons at 508 Summerset Ct #33, Solomons, MD, 20688 listed at $415,000 pairs $3,551/mo rent with a $2,031/mo payment to leave $970/mo cash flow. Total monthly income runs $3,551/mo, and annual cash flow reaches $11,641/yr on $137,573 cash to close. Return on cash invested measures 28.37% in year one, and rental yield registers 10.27% at a $415,000 basis. Equity gained on principal adds $2,678/yr, and annual property appreciation at 5% supports $114,657 by year five. Five-year ROI tracks 148.28% and total cumulative return in cash totals $203,997. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,551/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20688, Solomons, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,360 (100%) |
| Owner Occupied HU | 766 (56.3%) |
| Renter Occupied HU | 346 (25.4%) |
| Vacant Housing Units | 248 (18.2%) |
| Median Home Value | $516,432 |
| Average Home Value | $611,540 |
Housing Distribution
Address Breakdown
Residential
1,166
Single Family
608
Multi-Family
558
Businesses
192
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