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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Chesapeake City at 8 Iler Ln, Chesapeake City, MD, 21915 priced at $320,000 converts $2,927/mo rent into $937/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,927/mo, and annual cash flow totals $11,244/yr on $106,080 invested. Return on cash invested prints 30.51% in year one, and rental yield reads 10.98% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 159.7% and total cumulative return in cash sums $169,407. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,927/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 21915, Chesapeake City, MD area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,660 (100%) |
| Owner Occupied HU | 1,157 (69.7%) |
| Renter Occupied HU | 203 (12.2%) |
| Vacant Housing Units | 300 (18.1%) |
| Median Home Value | $430,420 |
| Average Home Value | $451,891 |
Residential
1,442
Single Family
1,412
Multi-Family
30
Businesses
132
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Wanda Jackson • RE/MAX Chesapeake
Mls Name: Bright MLS
Mls ID: #MDCC2019314
