7406 Locust DrHanoverMD21076
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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
Investment property for sale in Hanover at 7406 Locust Dr, Hanover, MD, 21076 uses $180,950 cash to close to unlock $2,727/yr annual cash flow and $227/mo monthly cash flow. Total monthly income runs $3,648/mo, and a $2,692/mo payment keeps the spread at $227/mo. Purchase price stands at $550,000, and rental yield measures 7.96% with $3,648/mo rent. Return on cash invested shows 21.57% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 111.76% and total cumulative return in cash records $202,234. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,648/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.50 Acres 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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