6744 Basket Switch RdNewarkMD21841
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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
Rental property for sale in Newark at 6744 Basket Switch Rd, Newark, MD, 21841 priced at $475,000 converts $2,852/mo rent into after a $2,325/mo obligation. Total monthly income equals $2,852/mo. Return on cash invested prints 19.13% in year one, and rental yield reads 7.21% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 98.7% and total cumulative return in cash sums $155,419. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,852/mo property income covering a $2,325/mo payment, not borrower’s personal income.
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
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