6744 Basket Switch RdNewarkMD21841
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 6744 Basket Switch Rd, Newark, MD, 21841 in Newark is a conservative rental investment at $475,000. Rental yield 7.21%. A 1.34 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $131,234; $4,375/yr in principal paydown supplements. Total projected return: $173,606.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 6.8% |
| Monthly Cash Flow | $(102) | $900 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,852 |
| Total Monthly Debt Service | $2,765 |
| DSCR Ratio | 1.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1991
3.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21841, Newark, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 443 (100%) |
| Owner Occupied HU | 337 (76.1%) |
| Renter Occupied HU | 72 (16.3%) |
| Vacant Housing Units | 34 ( 7.7%) |
| Median Home Value | $484,483 |
| Average Home Value | $520,987 |
Housing Distribution
Address Breakdown
Residential
414
Single Family
414
Multi-Family
0
Businesses
22
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
Single Family
Built in 1991
3.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21841, Newark, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 443 (100%) |
| Owner Occupied HU | 337 (76.1%) |
| Renter Occupied HU | 72 (16.3%) |
| Vacant Housing Units | 34 ( 7.7%) |
| Median Home Value | $484,483 |
| Average Home Value | $520,987 |
Housing Distribution
Address Breakdown
Residential
414
Single Family
414
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices