707 W Morris Leonard RdSalisburyMD21804
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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 Salisbury at 707 W Morris Leonard Rd, Salisbury, MD, 21804 priced at $259,900 pairs $2,296/mo rent with $680/mo cash flow after a $1,272/mo payment. Total monthly income equals $2,296/mo, and annual cash flow comes to $8,156/yr on $86,157 invested. Return on cash invested is 29.37% in year one, and rental yield stands at 10.6% on a $259,900 basis. Equity gained on principal adds $1,677/yr, and 5% annual appreciation accumulates to $71,806 by year five. Five-year ROI measures 153.67% and total cumulative return in cash reaches $132,394. For financing, Ziffy Mortgage’s DSCR program evaluates $2,296/mo property income against a $1,272/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21804, Salisbury, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,230 (100%) |
| Owner Occupied HU | 8,323 (45.7%) |
| Renter Occupied HU | 8,440 (46.3%) |
| Vacant Housing Units | 1,467 ( 8.0%) |
| Median Home Value | $273,376 |
| Average Home Value | $335,430 |
Housing Distribution
Address Breakdown
Residential
17,571
Single Family
15,361
Multi-Family
2,210
Businesses
1,023
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