8 Cherry LnPerryvilleMD21903
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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 Perryville at 8 Cherry Ln, Perryville, MD, 21903 generates $2,878/mo in rent, after a $2,442/mo payment. Total monthly income is $2,878/mo. Return on cash invested sits at 18.28% in year one, and rental yield is 6.92% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 94.12% and total cumulative return in cash sums $155,694. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,878/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21903, Perryville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,793 (100%) |
| Owner Occupied HU | 1,678 (60.1%) |
| Renter Occupied HU | 830 (29.7%) |
| Vacant Housing Units | 285 (10.2%) |
| Median Home Value | $305,618 |
| Average Home Value | $338,784 |
Housing Distribution
Address Breakdown
Residential
2,216
Single Family
1,770
Multi-Family
446
Businesses
148
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Listed by: Brenda Jolly • Integrity Real Estate
Mls Name: Bright MLS
Mls ID: #MDCC2020172