613 Lakeside DrSalisburyMD21801
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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 Salisbury at 613 Lakeside Dr, Salisbury, MD, 21801 offers $2,334/mo rent that, after a $1,419/mo payment, leaves $531/mo cash flow. Total monthly income is $2,334/mo, and annual cash flow is $6,369/yr on $96,135 cash. Return on cash invested measures 26.53% in year one, and rental yield stands at 9.66% at a $290,000 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,122 by year five. Five-year ROI records 138.41% and total cumulative return in cash reaches $133,060. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,334/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
6,741 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21801, Salisbury, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,627 (100%) |
| Owner Occupied HU | 6,592 (52.2%) |
| Renter Occupied HU | 5,172 (41.0%) |
| Vacant Housing Units | 863 ( 6.8%) |
| Median Home Value | $311,130 |
| Average Home Value | $357,046 |
Housing Distribution
Address Breakdown
Residential
11,939
Single Family
10,981
Multi-Family
958
Businesses
1,539
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