6705 W Lakeridge RdNew MarketMD21774
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
Total monthly income runs $4,283/mo, and a $3,891/mo payment. Purchase price stands at $795,000, and rental yield measures 6.46% with $4,283/mo rent. Return on cash invested shows 17.03% in year one, and 5% annual appreciation builds toward $219,644 over five years. Five-year ROI reaches 87.39% and total cumulative return in cash records $228,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,283/mo property income covering a $3,891/mo payment rather than investor’s personal income.
Single Family
Built in 2007
10,214 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jay Day • LPT Realty, LLC
Mls Name: Bright MLS
Mls ID: #MDFR2072312