3005 S Leisure World Blvd APT 812, Silver Spring, MD, 20906 | $991/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

3005 S Leisure World Blvd APT 812, Silver Spring, MD, 20906 | $991/mo Cash Flow | Ziffy

For Sale

Listed for sale 7 days ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1134 sft

46620 Drysdale Ter UNIT 203, Sterling, VA, 20165

3 Bed
4 Bath
1960 sft

22930 Chinkapin Oak Ter, Sterling, VA, 20166

5 Bed
3 Bath
2340 sft

109 Patrick St SE, Vienna, VA, 22180

2 Bed
2 Bath
1148 sft

13724 Neil Armstrong Ave #503, Herndon, VA, 20171

Nearby investment properties with comparable prices

Rental Income+ 1 more

2 Bed
1 Bath
996 sft

118 Westwick Ct UNIT 4, Sterling, VA, 20165

1 Bed
1 Bath
813 sft

12933 Centre Park Cir APT 106, Herndon, VA, 20171

1 Bed
1 Bath
826 sft

3315 Wyndham Cir APT 3223, Alexandria, VA, 22302

3 Bed
2 Bath
1282 sft

3328 Woodburn Village Dr APT 23, Annandale, VA, 22003

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Silver Spring at 3005 S Leisure World Blvd APT 812, Silver Spring, MD, 20906 listed at $319,900 pairs $2,981/mo rent with a $1,566/mo payment to leave $991/mo cash flow. Total monthly income runs $2,981/mo, and annual cash flow reaches $11,894/yr on $106,047 cash to close. Return on cash invested measures 31.12% in year one, and rental yield registers 11.18% at a $319,900 basis. Equity gained on principal adds $2,064/yr, and annual property appreciation at 5% supports $88,382 by year five. Five-year ROI tracks 163.06% and total cumulative return in cash totals $172,916. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,981/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1999

N/A lot

$N/A/sqft

No HOA

More details about the property

About this home Gorgeous penthouse unit in a gated community overlooking the golf course! Relaxing, quiet, scenic vistas of nature. A beautifully furnished, modern lobby greets you upon entrance to Turnberry Courts. Luxury elevator condo building. This 2 Bedroom, 2 Bathroom unit has a glass-enclosed porch with exposed brick and motorized 3 Day Blinds Honeycomb style paid $6,283 in (2023). The large dining room opens to the living room for easy entertaining. Lots of sunlight and sweeping views of nature and the golf course and by brighten up the comfortable living space. Large bedrooms with primary bedroom having 2 closets and en-suite bathroom and second bedroom has a large a walk-in closet. Parking space #65 conveys with the purchase which is 1.5 car lengths, perfect for a golf cart! There is also a wire cage storage unit in the basement 4 x 7. New paint, luxury vinyl plank flooring ($10,000), and updated HVAC (2017) $6,025. New stainless steal appliances in Kitchen (2023) $5,700. Condo includes LG Tower Washer Dryer (2023) $1,900 in large laundry/storage room. Community amenities include; clubhouse, fitness center, on-site medical facilities, indoor/outdoor pools, restaurant/bar, pool, tennis courts, golf course, shuffleboard, footpaths, social activities, transportation, and a party room in the condo building. Welcome home! The purchaser agrees to pay Leisure World Corporation at the time of settlement, $350 membership transfer fee, 3% of the gross sales price as the contribution of the resale fund, A move in fee to Turnberry of $600. Sellers would like to use Attorney Jackie Eskay with Capitol Settlements in Rockville MD to conduct the closing since she is handling the estate for the family.

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