7170 Forest Ave #TDDPFXHanoverMD21076
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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 Hanover at 7170 Forest Ave #TDDPFX, Hanover, MD, 21076 generates $4,733/mo in rent and, after a $3,612/mo payment, leaves $143/mo in cash flow. Total monthly income is $4,733/mo, and annual cash flow is $1,719/yr on $242,769 invested. Return on cash invested sits at 20.77% in year one, and rental yield is 7.7% on a $737,900 entry. Equity gained on principal adds $4,762/yr, while 5% annual appreciation builds toward $203,868 over five years. Five-year ROI reaches 107.47% and total cumulative return in cash sums $260,903. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,733/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
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
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