55 Ferrous CtNorth EastMD21901
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Nearby investment properties with comparable prices
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 North East at 55 Ferrous Ct, North East, MD, 21901 priced at $499,000 pairs $4,546/mo rent with $1,443/mo cash flow after a $2,442/mo payment. Total monthly income equals $4,546/mo, and annual cash flow comes to $17,314/yr on $165,419 invested. Return on cash invested is 30.38% in year one, and rental yield stands at 10.93% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 159% and total cumulative return in cash reaches $263,022. For financing, Ziffy Mortgage’s DSCR program evaluates $4,546/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
0.47 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,934
Single Family
7,364
Multi-Family
570
Businesses
460
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Listed by: Amber Durand • Patterson-Schwartz Real Estate
Mls Name: Bright MLS
Mls ID: #MDCC2020104