8502 Spruce CtLusbyMD20657
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
Rental property for sale in Lusby at 8502 Spruce Ct, Lusby, MD, 20657 priced at $369,000 pairs $3,074/mo rent with $767/mo cash flow after a $1,806/mo payment. Total monthly income equals $3,074/mo, and annual cash flow comes to $9,203/yr on $122,324 invested. Return on cash invested is 27.43% in year one, and rental yield stands at 10% on a $369,000 basis. Equity gained on principal adds $2,381/yr, and 5% annual appreciation accumulates to $101,948 by year five. Five-year ROI measures 143.26% and total cumulative return in cash reaches $175,239. For financing, Ziffy Mortgage’s DSCR program evaluates $3,074/mo property income against a $1,806/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
1.99 Acres lot
$N/A/sqft
$146 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20657, Lusby, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,087 (100%) |
| Owner Occupied HU | 6,053 (74.8%) |
| Renter Occupied HU | 1,232 (15.2%) |
| Vacant Housing Units | 802 ( 9.9%) |
| Median Home Value | $367,668 |
| Average Home Value | $430,451 |
Housing Distribution
Address Breakdown
Residential
7,243
Single Family
7,100
Multi-Family
143
Businesses
202
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Nearby investment properties with comparable prices
Listed by: Jackie Randell • CENTURY 21 New Millennium
Mls Name: Bright MLS
Mls Provider:
Mls ID: #MDCA2020706
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