535 Oldfield Point Rd, Elkton, MD, 21921 | 6.51% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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535 Oldfield Point Rd, Elkton, MD, 21921 | 6.51% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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 Elkton at 535 Oldfield Point Rd, Elkton, MD, 21921 generates $4,608/mo in rent, after a $4,155/mo payment. Total monthly income is $4,608/mo. Return on cash invested sits at 17.17% in year one, and rental yield is 6.51% on a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation builds toward $234,563 over five years. Five-year ROI reaches 88.19% and total cumulative return in cash sums $246,332. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,608/mo property income rather than buyer’s personal income.

Single Family

Built in 1997

4.70 Acres lot

$N/A/sqft

No HOA

More details about the property

Do you need more Space? Coming Soon, this magnificent Home provides over 4,299 sf with 5 Bedrooms & 3 Bathrooms & an additional 565 sf of Finished Living Space in the Basement with Walk-out Outside Entrance to the Pool. Also, there are 2 large Garages. The built-in Garage offers 3 Spaces & the oversized Detached Garage provides 2 more Spaces with a 2nd Floor Loft. It doesnt stop there; at almost 5 acres theres Room for just about everything you want to do. In the last few months, the House has been prepared for you. The entire Interior of the House & built-in Garage were painted, all new Carpet Flooring, brand new Chimney & Basement Rec Room refinished. On the Exterior the Roof was replaced in 2022, the Deck just received a Face Lift, the 2 Car Garage Door was replaced & the Detached Garage was installed within the past 10 years. Lastly, the Pool was cleaned & prepped for next Spring, the House was freshly Power Washed & Professionally Cleaned. This Home is spacious, beautiful & provides so much potential. Take advantage of this Opportunity & schedule your Personal Showing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21921, Elkton, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,232 (100%)
Owner Occupied HU	12,221 (63.5%)
Renter Occupied HU	5,679 (29.5%)
Vacant Housing Units	1,332 ( 6.9%)
Median Home Value	$352,617
Average Home Value	$392,461

Housing Distribution

Address Breakdown

Residential

17,982

Single Family

17,763

Multi-Family

219

Businesses

995

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: SingleFamily
Year Built: 1997
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Built In, Garage Door Opener, Oversized, Asphalt, Attached, Detached

Location

City: Elkton
State: MD
Subdivision: N/A
Lot Size: 4.70 Acres
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: J. Aaron Falkenstein • Integrity Real Estate

Mls Name: Bright MLS

Mls ID: #MDCC2019646

535 Oldfield Point Rd,Elkton,MD,21921

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

535 Oldfield Point RdElktonMD21921