6 Mallory WayNorth EastMD21901
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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
Investment property for sale in North East at 6 Mallory Way, North East, MD, 21901 offers a 9.21% rental yield on a $360,000 purchase with $2,764/mo rent. Total monthly income registers $2,764/mo, and a $1,762/mo payment leaves $525/mo available for distribution. Annual cash flow reaches $6,300/yr on $119,340 to close, and return on cash invested stands at 25.19% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 131.18% and total cumulative return in cash at $156,549. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,764/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.27 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: Wanda Jackson • RE/MAX Chesapeake
Mls Name: Bright MLS
Mls ID: #MDCC2020100