902 Cedar StPocomoke CityMD21851
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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 Pocomoke City at 902 Cedar St, Pocomoke City, MD, 21851 offers a 8.64% rental yield on a $274,000 purchase with $1,973/mo rent. Total monthly income registers $1,973/mo, and a $1,341/mo payment leaves $269/mo available for distribution. Annual cash flow reaches $3,227/yr on $90,831 to close, and return on cash invested stands at 23.46% in year one. Equity gained on principal adds $1,768/yr while 5% annual appreciation supports $75,701 over five years. Portfolio math shows five-year ROI at 121.94% and total cumulative return in cash at $110,757. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,973/mo property income against a $1,341/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
7,650 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21851, Pocomoke City, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,418 (100%) |
| Owner Occupied HU | 2,010 (58.8%) |
| Renter Occupied HU | 1,036 (30.3%) |
| Vacant Housing Units | 372 (10.9%) |
| Median Home Value | $220,175 |
| Average Home Value | $316,874 |
Housing Distribution
Address Breakdown
Residential
3,195
Single Family
3,061
Multi-Family
134
Businesses
345
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Listed by: Kat Thompson • Benson & Mangold, LLC.
Mls Name: Bright MLS
Mls ID: #MDWO2034864