519 Biddle StChesapeake CityMD21915
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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 Chesapeake City at 519 Biddle St, Chesapeake City, MD, 21915 priced at $300,000 converts $2,609/mo rent into $744/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,609/mo, and annual cash flow totals $8,922/yr on $99,450 invested. Return on cash invested prints 28.88% in year one, and rental yield reads 10.44% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 151.01% and total cumulative return in cash sums $150,180. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,609/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1876
5,663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21915, Chesapeake City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,660 (100%) |
| Owner Occupied HU | 1,157 (69.7%) |
| Renter Occupied HU | 203 (12.2%) |
| Vacant Housing Units | 300 (18.1%) |
| Median Home Value | $430,420 |
| Average Home Value | $451,891 |
Housing Distribution
Address Breakdown
Residential
1,442
Single Family
1,412
Multi-Family
30
Businesses
132
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Listed by: AnnaMarie Bahls • Foraker Realty Co.
Mls Name: Bright MLS
Mls ID: #MDCC2019890