7404 Thames River DrHanoverMD21076
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 7404 Thames River Dr, Hanover, MD, 21076 in Hanover is capital appreciation. Rental yield 4.52%. The 4.52% gross yield at $890,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $245,891 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.84) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $196,901.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 7.2% |
| Monthly Cash Flow | $(2,286) | $230 |
City averages based on Hanover market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,349 |
| Total Monthly Debt Service | $5,181 |
| DSCR Ratio | 0.65x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 2009
7,199 sqft 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
Single Family
Built in 2009
7,199 sqft 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