648 Chester River Beach RdGrasonvilleMD21638
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 Grasonville at 648 Chester River Beach Rd, Grasonville, MD, 21638 generates $2,113/mo in rent, after a $3,128/mo payment. Total monthly income is $2,113/mo. Return on cash invested sits at 9.43% in year one, and rental yield is 3.97% on a $639,000 entry. Equity gained on principal adds $4,123/yr, while 5% annual appreciation builds toward $176,544 over five years. Five-year ROI reaches 46.69% and total cumulative return in cash sums $98,152. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,113/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21638, Grasonville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,357 (100%) |
| Owner Occupied HU | 1,698 (72.0%) |
| Renter Occupied HU | 394 (16.7%) |
| Vacant Housing Units | 265 (11.2%) |
| Median Home Value | $519,724 |
| Average Home Value | $610,355 |
Housing Distribution
Address Breakdown
Residential
2,241
Single Family
2,110
Multi-Family
131
Businesses
180
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia Martin • Iron Valley Real Estate of Central MD
Mls Name: Bright MLS
Mls ID: #MDQA2015880