5747 Cherrywood CtNew MarketMD21774
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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 New Market at 5747 Cherrywood Ct, New Market, MD, 21774 generates $3,678/mo in rent and, after a $2,638/mo payment, leaves $326/mo in cash flow. Total monthly income is $3,678/mo, and annual cash flow is $3,910/yr on $177,331 invested. Return on cash invested sits at 22.27% in year one, and rental yield is 8.19% on a $539,000 entry. Equity gained on principal adds $3,478/yr, while 5% annual appreciation builds toward $148,916 over five years. Five-year ROI reaches 115.49% and total cumulative return in cash sums $204,792. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,678/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
10,415 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21774, New Market, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,012 (100%) |
| Owner Occupied HU | 5,924 (84.5%) |
| Renter Occupied HU | 680 ( 9.7%) |
| Vacant Housing Units | 408 ( 5.8%) |
| Median Home Value | $585,254 |
| Average Home Value | $611,240 |
Housing Distribution
Address Breakdown
Residential
6,634
Single Family
6,634
Multi-Family
0
Businesses
218
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Listed by: Kim Clever • RE/MAX Results
Mls Name: Bright MLS
Mls ID: #MDFR2070324