1121 University Blvd W APT 1118, Silver Spring, MD, 20902 | $202/mo Cash Flow

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1121 University Blvd W APT 1118, Silver Spring, MD, 20902 | $202/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

Investment property for sale in Silver Spring at 1121 University Blvd W APT 1118, Silver Spring, MD, 20902 earns $202/mo cash flow from $1,633/mo rent with a $1,126/mo payment. Total monthly income totals $1,633/mo, and annual cash flow totals $2,427/yr on $76,245 capital. ROI tracks 23.09% on current figures, and rental yield reads 8.52% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 120% and total cumulative return in cash sums $91,495. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,633/mo property income instead of your personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Nestled in a prime location near Kemp Mill and Westfield Wheaton shopping centers, an array of grocery stores, fine dining, and DC Metro stops, this 1,078 square foot condominium offers the perfect blend of comfort and convenience. Step inside to discover two well-appointed bedrooms: a generously sized bedroom with ample closet space and a master suite at the hall's end, featuring an en-suite bathroom, a spacious walk-in closet, and an additional closet for extra storage. Each bedroom has its own thermostat, allowing individualized temperature control. The condo boasts two bathrooms: one is conveniently located across from the first bedroom and includes a bathtub/shower, while the master bathroom has been newly renovated with a modern sink, elegant cabinets, and a sleek walk-in shower. The living space is designed for entertaining and relaxation, featuring a welcoming foyer with a coat closet, a spacious living room, and an adjoining dining area. The dining room, enhanced by a sliding glass door, opens onto a private balcony that offers picturesque views of autumn's vibrant colors. Accessible from both the living and dining rooms, the kitchen is equipped with ample cabinetry, providing plenty of storage for all your culinary needs. The condominium building contains a large laundry room with multiple washers and dryers. There is also a private pool, as well as tennis courts, for the residents and their guests. Combining modern amenities with comfortable elegance, this condominium is a true gem. Whether you prefer a peaceful day at home or an adventure exploring nearby amenities, this property offers a balanced lifestyle for the discerning homeowner.