13701 Modrad Way APT 31Silver SpringMD20904
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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
Investment property for sale in Silver Spring at 13701 Modrad Way APT 31, Silver Spring, MD, 20904 listed at $185,000 pairs $1,418/mo rent with a $905/mo payment to leave $268/mo cash flow. Total monthly income runs $1,418/mo, and annual cash flow reaches $3,215/yr on $61,328 cash to close. Return on cash invested measures 25.15% in year one, and rental yield registers 9.2% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 130.99% and total cumulative return in cash totals $80,331. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,418/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20904, Silver Spring, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,229 (100%) |
| Owner Occupied HU | 11,239 (52.9%) |
| Renter Occupied HU | 9,043 (42.6%) |
| Vacant Housing Units | 947 ( 4.5%) |
| Median Home Value | $594,619 |
| Average Home Value | $630,777 |
Housing Distribution
Address Breakdown
Residential
21,652
Single Family
12,306
Multi-Family
9,346
Businesses
673
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Listed by: Alex Heitkemper • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #MDMC2213684