671 Highland WayHagerstownMD21740
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 Hagerstown at 671 Highland Way, Hagerstown, MD, 21740 priced at $649,000 pairs $976/mo rent with after a $3,177/mo payment. Total monthly income equals $976/mo. Return on cash invested is 2.86% in year one, and rental yield stands at 1.8% on a $649,000 basis. Equity gained on principal adds $4,188/yr, and 5% annual appreciation accumulates to $179,307 by year five. Five-year ROI measures 11.43% and total cumulative return in cash reaches $24,408. For financing, Ziffy Mortgage’s DSCR program evaluates $976/mo property income against a $3,177/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21740, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,521 (100%) |
| Owner Occupied HU | 14,671 (51.4%) |
| Renter Occupied HU | 11,531 (40.4%) |
| Vacant Housing Units | 2,319 ( 8.1%) |
| Median Home Value | $288,026 |
| Average Home Value | $345,481 |
Housing Distribution
Address Breakdown
Residential
26,569
Single Family
22,946
Multi-Family
3,623
Businesses
2,422
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alice Guy • Real Estate Innovations
Mls Name: Bright MLS
Mls ID: #MDWA2033636