601-603 Shriver AveCumberlandMD21502
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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 Cumberland at 601-603 Shriver Ave, Cumberland, MD, 21502 offers a 7.66% rental yield on a $209,000 purchase with $1,334/mo rent. Total monthly income registers $1,334/mo, and a $1,023/mo payment leaves $34/mo available for distribution. Annual cash flow reaches $409/yr on $69,284 to close, and return on cash invested stands at 20.5% in year one. Equity gained on principal adds $1,349/yr while 5% annual appreciation supports $57,743 over five years. Portfolio math shows five-year ROI at 106.12% and total cumulative return in cash at $73,526. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,334/mo property income against a $1,023/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1921
3,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21502, Cumberland, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,121 (100%) |
| Owner Occupied HU | 11,103 (58.1%) |
| Renter Occupied HU | 4,972 (26.0%) |
| Vacant Housing Units | 3,046 (15.9%) |
| Median Home Value | $165,221 |
| Average Home Value | $212,127 |
Housing Distribution
Address Breakdown
Residential
17,230
Single Family
15,703
Multi-Family
1,527
Businesses
1,428
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Listed by: Jenny Jackson • Charis Realty Group
Mls Name: Bright MLS
Mls ID: #MDAL2013092