1606 N Springwood DrSilver SpringMD20910
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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
Investment Highlights
Investment property for sale in Silver Spring at 1606 N Springwood Dr, Silver Spring, MD, 20910 listed at $575,000 pairs $3,730/mo rent with a $2,814/mo payment to leave $154/mo cash flow. Total monthly income runs $3,730/mo, and annual cash flow reaches $1,850/yr on $189,175 cash to close. Return on cash invested measures 21.04% in year one, and rental yield registers 7.78% at a $575,000 basis. Equity gained on principal adds $3,710/yr, and annual property appreciation at 5% supports $158,862 by year five. Five-year ROI tracks 108.93% and total cumulative return in cash totals $206,063. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,730/mo property income relative to a $2,814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
5,024 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20910, Silver Spring, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,434 (100%) |
| Owner Occupied HU | 7,296 (29.9%) |
| Renter Occupied HU | 15,439 (63.2%) |
| Vacant Housing Units | 1,699 ( 7.0%) |
| Median Home Value | $776,171 |
| Average Home Value | $792,623 |
Housing Distribution
Address Breakdown
Residential
23,580
Single Family
6,970
Multi-Family
16,610
Businesses
2,029
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Listed by: Eric Broermann • Compass
Mls Name: Bright MLS
Mls ID: #MDMC2194920