902 Morrison Blvd, Havre De Grace, MD, 21078 | $656/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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902 Morrison Blvd, Havre De Grace, MD, 21078 | $656/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Havre De Grace at 902 Morrison Blvd, Havre De Grace, MD, 21078 generates $3,144/mo in rent and, after a $1,958/mo payment, leaves $656/mo in cash flow. Total monthly income is $3,144/mo, and annual cash flow is $7,872/yr on $132,600 invested. Return on cash invested sits at 25.85% in year one, and rental yield is 9.43% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 134.71% and total cumulative return in cash sums $178,624. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,144/mo property income rather than buyer’s personal income.

Single Family

Built in 1961

0.61 Acres lot

$N/A/sqft

No HOA

More details about the property

Completely renovated from top to bottom, this all-brick three bedroom, 2.5 bathroom rancher is situated on a nearly 2/3-acre fenced lot in a quiet community with no HOA. Move right into this nearly brand new home, including new windows, luxury vinyl plank flooring throughout, upgraded 200-amp electric service, new HVAC, new water heater, fresh paint, LED recessed lighting and new well pump (all 2025), with a roof only two years old. This home also includes a garage with insulated door, storage shed and private yard on a corner lot. The kitchen features quartz countertops with a waterfall edge, stylish white cabinets, stainless steel appliances and a breakfast bar - open to the large living room. Both main level bathrooms have been remodeled, with one having private access to a bathroom. Another suite was added in the lower level along with an additional full bath - ideal for multigenerational living or guests. This home is turnkey with quality craftsmanship and high end finishes. Enjoy the best of both worlds - peaceful living just minutes from downtown Havre de Grace, with its charming restaurants, bars, shops, activities, and festivals, along with easy access to I-95 for commuting convenience.

Neighborhood Data

Neighborhood data shown for ZIP Code: 21078, Havre De Grace, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,099 (100%)
Owner Occupied HU	6,294 (69.2%)
Renter Occupied HU	2,219 (24.4%)
Vacant Housing Units	586 ( 6.4%)
Median Home Value	$445,721
Average Home Value	$488,694