710 2nd StPocomoke CityMD21851
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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 Pocomoke City at 710 2nd St, Pocomoke City, MD, 21851 priced at $235,000 converts $1,598/mo rent into $137/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,598/mo, and annual cash flow totals $1,639/yr on $77,903 invested. Return on cash invested prints 22.01% in year one, and rental yield reads 8.16% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 114.19% and total cumulative return in cash sums $88,960. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,598/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21851, Pocomoke City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,418 (100%) |
| Owner Occupied HU | 2,010 (58.8%) |
| Renter Occupied HU | 1,036 (30.3%) |
| Vacant Housing Units | 372 (10.9%) |
| Median Home Value | $220,175 |
| Average Home Value | $316,874 |
Housing Distribution
Address Breakdown
Residential
3,195
Single Family
3,061
Multi-Family
134
Businesses
345
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Listed by: Ronald Molock • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #MDWO2032054