15211 Elkridge Way #94-2FSilver SpringMD20906
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 15211 Elkridge Way #94-2F, Silver Spring, MD, 20906 earns $193/mo cash flow from $1,803/mo rent with a $1,267/mo payment. Total monthly income totals $1,803/mo, and annual cash flow totals $2,316/yr on $85,817 capital. ROI tracks 22.61% on current figures, and rental yield reads 8.36% at a $258,875 purchase. Equity gained on principal adds $1,670/yr, and 5% annual appreciation supports $71,522 over five years. Five-year ROI reaches 117.33% and total cumulative return in cash sums $100,692. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,803/mo property income instead of your personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frances Goldfinger • Group One Yeager Miller Realty Inc.
Mls Name: Bright MLS
Mls ID: #MDMC2204770