Hanover Plan, Pines at Cherry HillElktonMD21921
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 Elkton at Hanover Plan, Pines at Cherry Hill, Elkton, MD, 21921 earns $18/mo cash flow from $2,506/mo rent with a $1,958/mo payment. Total monthly income totals $2,506/mo, and annual cash flow totals $216/yr on $132,597 capital. ROI tracks 20.07% on current figures, and rental yield reads 7.52% at a $399,990 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,510 over five years. Five-year ROI reaches 103.79% and total cumulative return in cash sums $137,617. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,506/mo property income instead of your personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21921, Elkton, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,232 (100%) |
| Owner Occupied HU | 12,221 (63.5%) |
| Renter Occupied HU | 5,679 (29.5%) |
| Vacant Housing Units | 1,332 ( 6.9%) |
| Median Home Value | $352,617 |
| Average Home Value | $392,461 |
Housing Distribution
Address Breakdown
Residential
17,982
Single Family
17,763
Multi-Family
219
Businesses
995
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