2248 Washington Ave APT 101Silver 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 2248 Washington Ave APT 101, Silver Spring, MD, 20910 offers a 10.71% rental yield on a $255,000 purchase with $2,276/mo rent. Total monthly income registers $2,276/mo, and a $1,248/mo payment leaves $690/mo available for distribution. Annual cash flow reaches $8,281/yr on $84,533 to close, and return on cash invested stands at 29.71% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 155.47% and total cumulative return in cash at $131,420. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,276/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1948
N/A 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: Mark Meyerdirk • Urban Brokers, LLC
Mls Name: Bright MLS
Mls ID: #MDMC2209808