Michaels Way #2DEast New MarketMD21631
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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
Rental property for sale in East New Market at Michaels Way #2D, East New Market, MD, 21631 generates $0/mo in rent, after a $1,028/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.61% in year one, and rental yield is 0% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21631, East New Market, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,256 (100%) |
| Owner Occupied HU | 972 (77.4%) |
| Renter Occupied HU | 155 (12.3%) |
| Vacant Housing Units | 129 (10.3%) |
| Median Home Value | $282,824 |
| Average Home Value | $279,347 |
Housing Distribution
Address Breakdown
Residential
1,041
Single Family
1,022
Multi-Family
19
Businesses
38
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No similar rental properties found nearby.
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Listed by: Gary Lucks • Keller Williams Realty
Mls Name: Bright MLS
Mls ID: #MDDO2011180