15211 Elkridge Way #94-2F, Silver Spring, MD, 20906 | $189/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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15211 Elkridge Way #94-2F, Silver Spring, MD, 20906 | $189/mo Cash Flow | Ziffy

For Sale

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 15211 Elkridge Way #94-2F, Silver Spring, MD, 20906 earns $189/mo cash flow from $1,836/mo rent with a $1,296/mo payment. Total monthly income totals $1,836/mo, and annual cash flow totals $2,269/yr on $87,806 capital. ROI tracks 22.49% on current figures, and rental yield reads 8.32% at a $264,875 purchase. Equity gained on principal adds $1,709/yr, and 5% annual appreciation supports $73,180 over five years. Five-year ROI reaches 116.79% and total cumulative return in cash sums $102,552. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,836/mo property income instead of your personal income.

Condo

Built in 1979

N/A lot

$N/A/sqft

No HOA

More details about the property

Fantastic opportunity on this Beautifully Cared for 1,340 sf three bedroom two full bath garden unit with elevator. New neutral carpeting throughout and New Central air conditioning! Cozy enclosed private balcony off living room. Good size table space area in kitchen with tons of natural light. Remodeled hall bath with new vanity and Granite sink top. Separate laundry room in unit with full size washer & dryer. Primary bedroom with walk-in closet and private full bath. Wooded views, reserved parking. & Tons of Leisure World Amenities & Activities!!! Very reasonable condo fee for a unit this Large!!

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