3002 Piano Ln #42Silver SpringMD20904
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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
Rental property for sale in Silver Spring at 3002 Piano Ln #42, Silver Spring, MD, 20904 generates $3,143/mo in rent and, after a $1,737/mo payment, leaves $936/mo in cash flow. Total monthly income is $3,143/mo, and annual cash flow is $11,229/yr on $117,649 invested. Return on cash invested sits at 29.45% in year one, and rental yield is 10.63% on a $354,900 entry. Equity gained on principal adds $2,290/yr, while 5% annual appreciation builds toward $98,052 over five years. Five-year ROI reaches 154.07% and total cumulative return in cash sums $181,264. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,143/mo property income rather than buyer’s personal income.
Townhouse
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20904, Silver Spring, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,229 (100%) |
| Owner Occupied HU | 11,239 (52.9%) |
| Renter Occupied HU | 9,043 (42.6%) |
| Vacant Housing Units | 947 ( 4.5%) |
| Median Home Value | $594,619 |
| Average Home Value | $630,777 |
Housing Distribution
Address Breakdown
Residential
21,652
Single Family
12,306
Multi-Family
9,346
Businesses
673
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Listed by: Phil Reding • Redfin Corp
Mls Name: Bright MLS
Mls ID: #MDMC2208106