6618 Hemlock Point RdNew MarketMD21774
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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 New Market at 6618 Hemlock Point Rd, New Market, MD, 21774 offers a 8.01% rental yield on a $479,000 purchase with $3,197/mo rent. Total monthly income registers $3,197/mo, and a $2,344/mo payment leaves $218/mo available for distribution. Annual cash flow reaches $2,620/yr on $158,789 to close, and return on cash invested stands at 21.56% in year one. Equity gained on principal adds $3,091/yr while 5% annual appreciation supports $132,339 over five years. Portfolio math shows five-year ROI at 111.75% and total cumulative return in cash at $177,447. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,197/mo property income against a $2,344/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
8,543 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21774, New Market, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,012 (100%) |
| Owner Occupied HU | 5,924 (84.5%) |
| Renter Occupied HU | 680 ( 9.7%) |
| Vacant Housing Units | 408 ( 5.8%) |
| Median Home Value | $585,254 |
| Average Home Value | $611,240 |
Housing Distribution
Address Breakdown
Residential
6,634
Single Family
6,634
Multi-Family
0
Businesses
218
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Listed by: Mr. Michael Allwein • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #MDFR2069504