618 Walnut StPocomoke CityMD21851
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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 Pocomoke City at 618 Walnut St, Pocomoke City, MD, 21851 uses $96,102 cash to close to unlock $2,063/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $1,975/mo, and a $1,419/mo payment keeps the spread at $172/mo. Purchase price stands at $289,900, and rental yield measures 8.18% with $1,975/mo rent. Return on cash invested shows 22.06% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 114.39% and total cumulative return in cash records $109,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,975/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,680 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21851, Pocomoke City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,418 (100%) |
| Owner Occupied HU | 2,010 (58.8%) |
| Renter Occupied HU | 1,036 (30.3%) |
| Vacant Housing Units | 372 (10.9%) |
| Median Home Value | $220,175 |
| Average Home Value | $316,874 |
Housing Distribution
Address Breakdown
Residential
3,195
Single Family
3,061
Multi-Family
134
Businesses
345
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Listed by: Ashley Holland • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #MDWO2031468