15201 Elkridge Way #93-1F, Silver Spring, MD, 20906 | $196/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

15201 Elkridge Way #93-1F, Silver Spring, MD, 20906 | $196/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

1 Bed
1 Bath
566 sft

3055 Patrick Henry Dr APT 101, Falls Church, VA, 22044

1 Bed
1 Bath
699 sft

248 N Thomas St APT 1, Arlington, VA, 22203

4 Bed
2 Bath
1154 sft

10909 Stillwater Ave, Kensington, MD, 20895

2 Bed
2 Bath
1305 sft

3245 Rio Dr APT 901, Falls Church, VA, 22041

Nearby investment properties with comparable prices

2 Bed
2 Bath
1315 sft

3005 S Leisure World Blvd APT 103, Silver Spring, MD, 20906

3 Bed
2 Bath
1227 sft

12311 Braxfield Ct #434, Rockville, MD, 20852

2 Bed
2 Bath
1136 sft

14805 Pennfield Cir APT 201, Silver Spring, MD, 20906

2 Bed
2 Bath
1466 sft

3005 S Leisure World Blvd APT 207, Silver Spring, MD, 20906

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Silver Spring at 15201 Elkridge Way #93-1F, Silver Spring, MD, 20906 listed at $280,000 pairs $1,937/mo rent with a $1,370/mo payment to leave $196/mo cash flow. Total monthly income runs $1,937/mo, and annual cash flow reaches $2,352/yr on $92,820 cash to close. Return on cash invested measures 22.44% in year one, and rental yield registers 8.3% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 116.47% and total cumulative return in cash totals $108,105. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,937/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1979

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this bright and spacious 3-bedroom, 2-bath patio residence in one of Montgomery Countys most sought-after 55+ communities. Designed for easy living, this inviting home offers a traditional floor plan. The spacious living area, featuring sliding doors, allows an effortless flow to the patioyour own outdoor retreat for morning coffee, reading, or time with friends. The kitchen offers ample workspace and a breakfast area, while the separate dining area is ideal for hosting dinner parties. The serene primary suite features an en-suite bath and ample closet space, complemented by two additional bedrooms ideal for guests, a home office, or hobbies. Enjoy the best of resort-style living with Leisure Worlds incredible amenitiesindoor and outdoor pools, fitness centers, golf course, walking trails, art studios, restaurants, tennis courts, pickleball courts, and an active social calendar. With convenient transportation, nearby shopping, and dining, everything you need is just moments away.

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