8304 & 8344 Gumboro RdPittsvilleMD21850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pittsville at 8304 & 8344 Gumboro Rd, Pittsville, MD, 21850 listed at $816,000 pairs $3,000/mo rent with a $3,994/mo payment. Total monthly income runs $3,000/mo. Return on cash invested measures 10.78% in year one, and rental yield registers 4.41% at a $816,000 basis. Equity gained on principal adds $5,266/yr, and annual property appreciation at 5% supports $225,446 by year five. Five-year ROI tracks 53.92% and total cumulative return in cash totals $144,747. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,000/mo property income relative to a $3,994/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1927
19.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21850, Pittsville, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 962 (71.5%) |
| Renter Occupied HU | 263 (19.6%) |
| Vacant Housing Units | 120 ( 8.9%) |
| Median Home Value | $247,509 |
| Average Home Value | $315,133 |
Housing Distribution
Address Breakdown
Residential
1,328
Single Family
1,328
Multi-Family
0
Businesses
72
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Listed by: BRIAN MORRIS • The Land Group
Mls Name: Bright MLS
Mls ID: #MDWC2021134