2305 Greenery Ln #3-T-3, Silver Spring, MD, 20906 | $1,251/mo Cash Flow

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2305 Greenery Ln #3-T-3, Silver Spring, MD, 20906 | $1,251/mo Cash Flow | Ziffy

Pending

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 2305 Greenery Ln #3-T-3, Silver Spring, MD, 20906 uses $84,533 cash to close to unlock $15,013/yr annual cash flow and $1,251/mo monthly cash flow. Total monthly income runs $2,837/mo, and a $1,248/mo payment keeps the spread at $1,251/mo. Purchase price stands at $255,000, and rental yield measures 13.35% with $2,837/mo rent. Return on cash invested shows 37.67% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 198.17% and total cumulative return in cash records $167,516. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,837/mo property income covering a $1,248/mo payment rather than investor’s personal income.

Condo

Built in 1971

N/A lot

$N/A/sqft

No HOA

More details about the property

Bright, spacious, and move-in ready! This 3-bedroom, 2-bath condo is perfectly located in the heart of Glenmont, just a short walk to the Red Line Metro. Inside, youll find brand new flooring, fresh carpet in the bedrooms, fresh paint througout the unit and an open-concept kitchen with white granite countertops and stainless steel appliances great for cooking and plate sharing. Whether you're commuting, working from home, or just looking for a comfortable place to call your own, this condo checks all the boxes. Come see it for yourself! Condo fee covers all utilities! BACK ON THE MARKET!!!

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