1320 Fenwick Ln Unit 711Silver SpringMD20910
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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 1320 Fenwick Ln Unit 711, Silver Spring, MD, 20910 generates $2,122/mo in rent and, after a $1,346/mo payment, leaves $412/mo in cash flow. Total monthly income is $2,122/mo, and annual cash flow is $4,940/yr on $91,163 invested. Return on cash invested sits at 25.33% in year one, and rental yield is 9.26% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 131.95% and total cumulative return in cash sums $120,287. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,122/mo property income rather than buyer’s personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
23,580
Single Family
6,970
Multi-Family
16,610
Businesses
2,029
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Listed by: Andy Alderdice • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #MDMC2213160