13702 Modrad Way UNIT 8-B-21Silver SpringMD20904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Sartwell • RLAH @properties
Mls Name: Bright MLS
Mls ID: #MDMC2178546