1320 Fenwick Ln UNIT 7, Silver Spring, MD, 20910 | $275/mo Cash Flow

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1320 Fenwick Ln UNIT 7, Silver Spring, MD, 20910 | $275/mo Cash Flow | Ziffy

For Sale

Listed for sale 6 days ago

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 1320 Fenwick Ln UNIT 7, Silver Spring, MD, 20910 offers a 8.66% rental yield on a $275,000 purchase with $1,985/mo rent. Total monthly income registers $1,985/mo, and a $1,346/mo payment leaves $275/mo available for distribution. Annual cash flow reaches $3,296/yr on $91,163 to close, and return on cash invested stands at 23.52% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 122.27% and total cumulative return in cash at $111,467. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,985/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1964

N/A lot

$N/A/sqft

No HOA

More details about the property

Live the downtown Silver Spring lifestyle just one block from the Metro in this sleek 1BR with high-end kitchen (quartz, stainless, modern cabinets), full-size in-unit laundry and a rare oversized private patio that feels like an extra room. Contemporary, pet-friendly building offers concierge, gym, bike & storage rooms, club room, sky lounge and roof terraceall steps to restaurants, shops and nightlife.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20910, Silver Spring, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,434 (100%)
Owner Occupied HU	7,296 (29.9%)
Renter Occupied HU	15,439 (63.2%)
Vacant Housing Units	1,699 ( 7.0%)
Median Home Value	$776,171
Average Home Value	$792,623