8423 Palmer RdMiddletownMD21769
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 Middletown at 8423 Palmer Rd, Middletown, MD, 21769 uses $194,110 cash to close to unlock $12,615/yr annual cash flow and $1,051/mo monthly cash flow. Total monthly income runs $4,721/mo, and a $2,888/mo payment keeps the spread at $1,051/mo. Purchase price stands at $590,000, and rental yield measures 9.6% with $4,721/mo rent. Return on cash invested shows 26.56% in year one, and 5% annual appreciation builds toward $163,006 over five years. Five-year ROI reaches 138.52% and total cumulative return in cash records $268,876. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,721/mo property income covering a $2,888/mo payment rather than investor’s personal income.
Single Family
Built in 1978
5.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21769, Middletown, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,486 (100%) |
| Owner Occupied HU | 3,801 (84.7%) |
| Renter Occupied HU | 524 (11.7%) |
| Vacant Housing Units | 161 ( 3.6%) |
| Median Home Value | $591,569 |
| Average Home Value | $646,696 |
Housing Distribution
Address Breakdown
Residential
4,368
Single Family
4,284
Multi-Family
84
Businesses
246
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Bass • Real Estate Teams, LLC
Mls Name: Bright MLS
Mls ID: #MDFR2073210