9002 Coastal Hwy #106Ocean CityMD21842
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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
Investment property for sale in Ocean City at 9002 Coastal Hwy #106, Ocean City, MD, 21842 listed at $215,000 pairs $2,074/mo rent with a $1,052/mo payment to leave $737/mo cash flow. Total monthly income runs $2,074/mo, and annual cash flow reaches $8,846/yr on $71,273 cash to close. Return on cash invested measures 32.32% in year one, and rental yield registers 11.58% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 169.5% and total cumulative return in cash totals $120,805. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,074/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21842, Ocean City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,930 (100%) |
| Owner Occupied HU | 4,053 (12.3%) |
| Renter Occupied HU | 1,593 ( 4.8%) |
| Vacant Housing Units | 27,284 (82.9%) |
| Median Home Value | $504,097 |
| Average Home Value | $573,881 |
Housing Distribution
Address Breakdown
Residential
7,594
Single Family
6,265
Multi-Family
1,329
Businesses
1,500
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Listed by: Katie Quinn • Berkshire Hathaway HomeServices PenFed Realty-WOC
Mls Name: Bright MLS
Mls ID: #MDWO2032128