15000 Pennfield Cir UNIT 408, Silver Spring, MD, 20906 | 7.27% Rental Yield

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15000 Pennfield Cir UNIT 408, Silver Spring, MD, 20906 | 7.27% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

Total monthly income runs $2,453/mo, and a $1,982/mo payment. Purchase price stands at $405,000, and rental yield measures 7.27% with $2,453/mo rent. Return on cash invested shows 19.32% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 99.76% and total cumulative return in cash records $133,934. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,453/mo property income covering a $1,982/mo payment rather than investor’s personal income.

Condo

Built in 2013

N/A lot

$N/A/sqft

No HOA

More details about the property

First time on the market. Welcome to this beautifully updated light filled 2-bedroom, 2-bath condo in the Newest Leisure World building. This beautifully maintained, light filled condo offers and open floor plan with luxury vinyl flooring, fresh paint, and a primary bedroom suite with 2 walk-in closets. The table space kitchen opens to the expansive balcony with a lovely view of the green space beyond. Enjoy the bright sunny exposure throughout the year. There are luxury vinyl floors throughout the condo. The primary bath includes a tub/shower combo and a separate step-in shower. The kitchen has all stainless appliances and granite counter tops. You are surrounded by ample storage cabinets. Enjoy your morning beverage at your kitchen table. You have access to the balcony from both the kitchen and living room. The large laundry room has extra storage and is located within the guest bedroom suite. The gracious layout and open living area are enhanced by 9ft ceilings. The gas furnace has just been updated with a new compressor motor. This building also has a guest suite which you can rent for the night and a spacious party room for community gatherings. The garage parking space is #5 and there is a storage cage located on the lower level. Including the balcony the condo covers 1540 Sq Ft. This newest building in the community is sited close to the Main Entrance, within walking distance of the Leisure World Plaza Shopping Center and Club House one. Move in and enjoy the Leisure World lifestyle with a multitude of amenities and activities to choose from. These include and 18-hole golf course, indoor and outdoor swimming pools, numerous clubs with daytime and evening activities and many events to choose from. The community also offers a shuttle bus service, a bi-monthly newspaper, and several restaurants for residents and guests. Enjoy this rare opportunity to move into this lovely building and become a member of this vibrant and fun filled community.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20906, Silver Spring, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,199 (100%)
Owner Occupied HU	17,677 (65.0%)
Renter Occupied HU	8,174 (30.1%)
Vacant Housing Units	1,348 ( 5.0%)
Median Home Value	$493,091
Average Home Value	$533,723

Housing Distribution

Address Breakdown

Residential

27,137

Single Family

15,766

Multi-Family

11,371

Businesses

453

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 2013
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Garage Faces Side, Garage Door Opener, Inside Entrance, General Common Elements, Handicap Parking, Lighted, Free, Paved, Attached

Location

City: Silver Spring
State: MD
Subdivision: N/A
Lot Size: N/A
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Marilyn Greggs • Weichert, REALTORS

Mls Name: Bright MLS

Mls ID: #MDMC2197588

15000 Pennfield Cir UNIT 408,Silver Spring,MD,20906

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

15000 Pennfield Cir UNIT 408Silver SpringMD20906