8049 Forest Ridge Dr #3Chesapeake BeachMD20732
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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 Chesapeake Beach at 8049 Forest Ridge Dr #3, Chesapeake Beach, MD, 20732 earns $811/mo cash flow from $3,050/mo rent with a $1,762/mo payment. Total monthly income totals $3,050/mo, and annual cash flow totals $9,732/yr on $119,340 capital. ROI tracks 28.06% on current figures, and rental yield reads 10.17% at a $360,000 purchase. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 over five years. Five-year ROI reaches 146.6% and total cumulative return in cash sums $174,957. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,050/mo property income instead of your personal income.
Condo
Built in 2010
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20732, Chesapeake Beach, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,900 (100%) |
| Owner Occupied HU | 3,771 (77.0%) |
| Renter Occupied HU | 758 (15.5%) |
| Vacant Housing Units | 371 ( 7.6%) |
| Median Home Value | $469,540 |
| Average Home Value | $501,391 |
Housing Distribution
Address Breakdown
Residential
3,964
Single Family
3,899
Multi-Family
65
Businesses
137
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Listed by: Gary Durand • CENTURY 21 New Millennium
Mls Name: Bright MLS
Mls ID: #MDCA2024028