7708 S Cove RdSparrows PointMD21219
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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 Sparrows Point at 7708 S Cove Rd, Sparrows Point, MD, 21219 listed at $375,000 pairs $3,724/mo rent with a $1,835/mo payment to leave $1,392/mo cash flow. Total monthly income runs $3,724/mo, and annual cash flow reaches $16,705/yr on $124,313 cash to close. Return on cash invested measures 33.35% in year one, and rental yield registers 11.92% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 174.96% and total cumulative return in cash totals $217,503. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,724/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21219, Sparrows Point, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,146 (100%) |
| Owner Occupied HU | 3,126 (75.4%) |
| Renter Occupied HU | 689 (16.6%) |
| Vacant Housing Units | 331 ( 8.0%) |
| Median Home Value | $418,475 |
| Average Home Value | $517,067 |
Housing Distribution
Address Breakdown
Residential
4,012
Single Family
3,888
Multi-Family
124
Businesses
201
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Listed by: Vincent Steo • Your Home Sold Guaranteed Realty
Mls Name: My State MLS
Mls ID: #11590334