8 Edgewood DrOcean PinesMD21811
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
Investment Highlights
Investment property for sale in Ocean Pines at 8 Edgewood Dr, Ocean Pines, MD, 21811 earns from $2,876/mo rent with a $2,687/mo payment. Total monthly income totals $2,876/mo. ROI tracks 16.48% on current figures, and rental yield reads 6.29% at a $549,000 purchase. Equity gained on principal adds $3,543/yr, and 5% annual appreciation supports $151,679 over five years. Five-year ROI reaches 84.49% and total cumulative return in cash sums $152,600. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,876/mo property income instead of your personal income.
Single Family
Built in 2001
9,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21811, Berlin, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,557 (100%) |
| Owner Occupied HU | 8,949 (54.0%) |
| Renter Occupied HU | 2,329 (14.1%) |
| Vacant Housing Units | 5,279 (31.9%) |
| Median Home Value | $402,871 |
| Average Home Value | $482,648 |
Housing Distribution
Address Breakdown
Residential
13,440
Single Family
11,760
Multi-Family
1,680
Businesses
837
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katie Hammond • Keller Williams Realty Delmarva
Mls Name: Bright MLS
Mls ID: #MDWO2035608