536 Ridge AveHagerstownMD21740
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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 Hagerstown at 536 Ridge Ave, Hagerstown, MD, 21740 priced at $249,500 pairs $2,056/mo rent with $504/mo cash flow after a $1,221/mo payment. Total monthly income equals $2,056/mo, and annual cash flow comes to $6,053/yr on $82,709 invested. Return on cash invested is 27.23% in year one, and rental yield stands at 9.89% on a $249,500 basis. Equity gained on principal adds $1,610/yr, and 5% annual appreciation accumulates to $68,932 by year five. Five-year ROI measures 142.15% and total cumulative return in cash reaches $117,573. For financing, Ziffy Mortgage’s DSCR program evaluates $2,056/mo property income against a $1,221/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1911
7,680 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21740, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,521 (100%) |
| Owner Occupied HU | 14,671 (51.4%) |
| Renter Occupied HU | 11,531 (40.4%) |
| Vacant Housing Units | 2,319 ( 8.1%) |
| Median Home Value | $288,026 |
| Average Home Value | $345,481 |
Housing Distribution
Address Breakdown
Residential
26,569
Single Family
22,946
Multi-Family
3,623
Businesses
2,422
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Listed by: Larry Lessin • Save 6, Incorporated
Mls Name: Bright MLS
Mls ID: #MDWA2029352