607 S Surf RdOcean CityMD21842
Nearby investment properties with comparable rents
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 Ocean City at 607 S Surf Rd, Ocean City, MD, 21842 offers $3,809/mo rent that, after a $6,607/mo payment. Total monthly income is $3,809/mo. Return on cash invested measures 7.79% in year one, and rental yield stands at 3.39% at a $1,349,900 entry. Equity gained on principal adds $8,711/yr while 5% annual appreciation compounds into $372,952 by year five. Five-year ROI records 37.77% and total cumulative return in cash reaches $165,214. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,809/mo property income versus a $6,607/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21842, Ocean City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,930 (100%) |
| Owner Occupied HU | 4,053 (12.3%) |
| Renter Occupied HU | 1,593 ( 4.8%) |
| Vacant Housing Units | 27,284 (82.9%) |
| Median Home Value | $504,097 |
| Average Home Value | $573,881 |
Housing Distribution
Address Breakdown
Residential
7,594
Single Family
6,265
Multi-Family
1,329
Businesses
1,500
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Listed by: Nancy Reither • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #MDWO2031694