8686 Chesapeake Lighthouse DrNorth BeachMD20714
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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 North Beach at 8686 Chesapeake Lighthouse Dr, North Beach, MD, 20714 generates $2,622/mo in rent and, after a $1,738/mo payment, leaves $414/mo in cash flow. Total monthly income is $2,622/mo, and annual cash flow is $4,963/yr on $117,683 invested. Return on cash invested sits at 24.13% in year one, and rental yield is 8.86% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 125.51% and total cumulative return in cash sums $147,708. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,622/mo property income rather than buyer’s personal income.
Townhouse
Built in 1994
1,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20714, North Beach, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,951 (100%) |
| Owner Occupied HU | 1,169 (59.9%) |
| Renter Occupied HU | 511 (26.2%) |
| Vacant Housing Units | 271 (13.9%) |
| Median Home Value | $425,709 |
| Average Home Value | $503,644 |
Housing Distribution
Address Breakdown
Residential
1,519
Single Family
1,290
Multi-Family
229
Businesses
125
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Listed by: Brittney Flanagan • Berkshire Hathaway HomeServices Homesale Realty
Mls Name: Bright MLS
Mls ID: #MDCA2024516