807 Washington AveHagerstownMD21740
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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 Hagerstown at 807 Washington Ave, Hagerstown, MD, 21740 uses $56,322 cash to close to unlock $13,475/yr annual cash flow and $1,123/mo monthly cash flow. Total monthly income runs $2,180/mo, and a $832/mo payment keeps the spread at $1,123/mo. Purchase price stands at $169,900, and rental yield measures 15.4% with $2,180/mo rent. Return on cash invested shows 43.83% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 231.17% and total cumulative return in cash records $130,202. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,180/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1903
3,420 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21740, Hagerstown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,521 (100%) |
| Owner Occupied HU | 14,671 (51.4%) |
| Renter Occupied HU | 11,531 (40.4%) |
| Vacant Housing Units | 2,319 ( 8.1%) |
| Median Home Value | $288,026 |
| Average Home Value | $345,481 |
Housing Distribution
Address Breakdown
Residential
26,569
Single Family
22,946
Multi-Family
3,623
Businesses
2,422
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Listed by: Chris Dickerson • The Glocker Group Realty Results
Mls Name: Bright MLS
Mls ID: #MDWA2031610