115 Melbourne AveSilver SpringMD20901
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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 Silver Spring at 115 Melbourne Ave, Silver Spring, MD, 20901 generates $3,124/mo in rent and, after a $2,374/mo payment, leaves $107/mo in cash flow. Total monthly income is $3,124/mo, and annual cash flow is $1,289/yr on $160,778 invested. Return on cash invested sits at 20.71% in year one, and rental yield is 7.73% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 107.2% and total cumulative return in cash sums $172,346. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,124/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
5,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20901, Silver Spring, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,005 (100%) |
| Owner Occupied HU | 8,686 (66.8%) |
| Renter Occupied HU | 3,730 (28.7%) |
| Vacant Housing Units | 589 ( 4.5%) |
| Median Home Value | $611,332 |
| Average Home Value | $644,213 |
Housing Distribution
Address Breakdown
Residential
13,012
Single Family
9,688
Multi-Family
3,324
Businesses
359
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Listed by: JC Siddiqui • Northrop Realty
Mls Name: Bright MLS
Mls ID: #MDMC2198536