806 Mohawk Ave, Salisbury, MD, 21801 | $407/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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806 Mohawk Ave, Salisbury, MD, 21801 | $407/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Salisbury at 806 Mohawk Ave, Salisbury, MD, 21801 at $240,000 posts ROI 26.05% with $407/mo cash flow from $1,900/mo rent. Total monthly income equals $1,900/mo, and annual cash flow records $4,884/yr on $79,560 to close. Return on cash invested measures 26.05% and rental yield reads 9.5% at the current $240,000. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 by year five. Five-year ROI prints 135.78% and total cumulative return in cash totals $108,026.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,900/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1970

10,125 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover a fantastic opportunity to own this beautifully remodeled 2022 rancher offering easy one-level living. This move-in-ready home features 3 bedrooms, 2 full baths, a bright living room, dining area, and a well-appointed kitchen. A convenient laundry area with washer and dryer (new 2023)included. Step outside to a spacious backyard complete with a new 12X20 top quality shed with electricideal for storage, hobbies, or lawn and garden equipment. Located approx 30 minutes from Ocean City, local parks, the college, and countless attractions, youll enjoy both comfort and convenience in this charming home. So much to explore and enjoy in this vibrant area! Roof, HVAC, Hot Water Heater, sump pump, all new 2022. Ring camera included.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21801, Salisbury, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,627 (100%)
Owner Occupied HU	6,592 (52.2%)
Renter Occupied HU	5,172 (41.0%)
Vacant Housing Units	863 ( 6.8%)
Median Home Value	$311,130
Average Home Value	$357,046