823 S Washington StHavre De GraceMD21078
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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
Rental property for sale in Havre De Grace at 823 S Washington St, Havre De Grace, MD, 21078 offers $1,383/mo rent that, after a $979/mo payment, leaves $139/mo cash flow. Total monthly income is $1,383/mo, and annual cash flow is $1,668/yr on $66,300 cash. Return on cash invested measures 22.42% in year one, and rental yield stands at 8.3% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 116.36% and total cumulative return in cash reaches $77,144. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,383/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21078, Havre De Grace, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,099 (100%) |
| Owner Occupied HU | 6,294 (69.2%) |
| Renter Occupied HU | 2,219 (24.4%) |
| Vacant Housing Units | 586 ( 6.4%) |
| Median Home Value | $445,721 |
| Average Home Value | $488,694 |
Housing Distribution
Address Breakdown
Residential
8,782
Single Family
8,082
Multi-Family
700
Businesses
591
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Listed by: Susan Greco • EXIT Preferred Realty, LLC
Mls Name: Bright MLS
Mls ID: #MDHR2045738