77 Ironoak CtNorth EastMD21901
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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 North East at 77 Ironoak Ct, North East, MD, 21901 generates $3,145/mo in rent, after a $2,496/mo payment. Total monthly income is $3,145/mo. Return on cash invested sits at 19.87% in year one, and rental yield is 7.4% on a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 102.65% and total cumulative return in cash sums $172,239. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,145/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21901, North East, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,213 (100%) |
| Owner Occupied HU | 5,121 (62.4%) |
| Renter Occupied HU | 2,190 (26.7%) |
| Vacant Housing Units | 902 (11.0%) |
| Median Home Value | $395,977 |
| Average Home Value | $418,006 |
Housing Distribution
Address Breakdown
Residential
7,934
Single Family
7,364
Multi-Family
570
Businesses
460
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Listed by: Kelli Stansfield • EXIT Preferred Realty
Mls Name: Bright MLS
Mls ID: #MDCC2020224