8923 Star RdParsonsburgMD21849
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 Parsonsburg at 8923 Star Rd, Parsonsburg, MD, 21849 offers a 9.12% rental yield on a $120,000 purchase with $912/mo rent. Total monthly income registers $912/mo, and a $587/mo payment leaves $166/mo available for distribution. Annual cash flow reaches $1,992/yr on $39,780 to close, and return on cash invested stands at 24.92% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 129.73% and total cumulative return in cash at $51,607. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $912/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1984
4.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21849, Parsonsburg, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,340 (100%) |
| Owner Occupied HU | 1,033 (77.1%) |
| Renter Occupied HU | 234 (17.5%) |
| Vacant Housing Units | 73 ( 5.4%) |
| Median Home Value | $303,589 |
| Average Home Value | $361,859 |
Housing Distribution
Address Breakdown
Residential
1,304
Single Family
1,304
Multi-Family
0
Businesses
50
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Listed by: Barbara DeTota • ERA Martin Associates
Mls Name: Bright MLS
Mls ID: #MDWC2020086