7103 Elmthorpe WayHanoverMD21076
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 7103 Elmthorpe Way, Hanover, MD, 21076 in Hanover: $4,243/mo in rent, $544/mo in net income, 8.56% gross yield, 1.59 DSCR, all at $594,700. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $164,305 in appreciation and $5,477/yr in principal paydown projects total cumulative return of $260,660.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 7.2% |
| Monthly Cash Flow | $544 | $230 |
City averages based on Hanover market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,243 |
| Total Monthly Debt Service | $3,462 |
| DSCR Ratio | 1.23x |
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.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21076, Hanover, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,788 (100%) |
| Owner Occupied HU | 6,672 (61.8%) |
| Renter Occupied HU | 3,466 (32.1%) |
| Vacant Housing Units | 650 ( 6.0%) |
| Median Home Value | $519,950 |
| Average Home Value | $540,082 |
Housing Distribution
Address Breakdown
Residential
10,958
Single Family
8,300
Multi-Family
2,658
Businesses
1,127
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
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21076, Hanover, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,788 (100%) |
| Owner Occupied HU | 6,672 (61.8%) |
| Renter Occupied HU | 3,466 (32.1%) |
| Vacant Housing Units | 650 ( 6.0%) |
| Median Home Value | $519,950 |
| Average Home Value | $540,082 |
Housing Distribution
Address Breakdown
Residential
10,958
Single Family
8,300
Multi-Family
2,658
Businesses
1,127
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices