53 Buckwheat Run Rd, North East, MD, 21901 | $115/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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53 Buckwheat Run Rd, North East, MD, 21901 | $115/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in North East at 53 Buckwheat Run Rd, North East, MD, 21901 offers $3,784/mo rent that, after a $2,887/mo payment, leaves $115/mo cash flow. Total monthly income is $3,784/mo, and annual cash flow is $1,385/yr on $194,077 cash. Return on cash invested measures 20.77% in year one, and rental yield stands at 7.7% at a $589,900 entry. Equity gained on principal adds $3,807/yr while 5% annual appreciation compounds into $162,978 by year five. Five-year ROI records 107.49% and total cumulative return in cash reaches $208,617. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,784/mo property income versus a $2,887/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1995

4 Acres lot

$N/A/sqft

No HOA

More details about the property

The updated and recently renovated 2-story colonial will be a great country home for its new family. Situated on 4 acres convenient to Fair Hill, this home features 3 bedrooms, 2.1 baths, a traditional "center hall" plan on the main level including a large main floor laundry, spacious island kitchen with breakfast area, family room with fireplace, and formal living and dining rooms. There's a unique sunroom off the dining room that leads to the large deck and screened porch. There's a full basement with walkout. Attached 2-car garage. The master bath features a jetted tub with separate shower. Late in 2024, this home was updated to include new baths, an updated kitchen including new counters and new appliances (except for refrigerator), new flooring and lighting, and more. Convenient to Newark, Elkton and North East! Bring the horses or enjoy the space! (Note: Photos are from prior to the tenant occupying the property when the property was staged.)

Neighborhood Data

Neighborhood data shown for ZIP Code: 21901, North East, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,213 (100%)
Owner Occupied HU	5,121 (62.4%)
Renter Occupied HU	2,190 (26.7%)
Vacant Housing Units	902 (11.0%)
Median Home Value	$395,977
Average Home Value	$418,006