13702 Modrad Way UNIT 8-B-21, Silver Spring, MD, 20904 | $286/mo Cash Flow

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13702 Modrad Way UNIT 8-B-21, Silver Spring, MD, 20904 | $286/mo Cash Flow | Ziffy

For Sale

Motivated Seller

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 13702 Modrad Way UNIT 8-B-21, Silver Spring, MD, 20904 offers a 9.43% rental yield on a $174,900 purchase with $1,374/mo rent. Total monthly income registers $1,374/mo, and a $856/mo payment leaves $286/mo available for distribution. Annual cash flow reaches $3,435/yr on $57,979 to close, and return on cash invested stands at 25.83% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 134.72% and total cumulative return in cash at $78,108. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,374/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1989

N/A lot

$N/A/sqft

No HOA

More details about the property

Oversized 1 bedroom on main level w/ patio on the main level. Wood burning fireplace living room open to the dining area and galley kitchen. Stackable washer and dryer in the unit. Off the porch is a large storage unit. The community offers great amenities, including a fitness center, swimming pool, and playground, 2 parking passes, guest parking. One of Montgomery County's most commutable locations-Located just minutes from parks, shopping, 495, 95, and the ICC! Condo association is non warranted, secondary loan or cash only.

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