302 Penwood RdSilver SpringMD20901
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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 302 Penwood Rd, Silver Spring, MD, 20901 priced at $899,900 pairs $4,294/mo rent with after a $4,405/mo payment. Total monthly income equals $4,294/mo. Return on cash invested is 14.78% in year one, and rental yield stands at 5.73% on a $899,900 basis. Equity gained on principal adds $5,807/yr, and 5% annual appreciation accumulates to $248,626 by year five. Five-year ROI measures 75.33% and total cumulative return in cash reaches $223,024. For financing, Ziffy Mortgage’s DSCR program evaluates $4,294/mo property income against a $4,405/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
7,160 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20901, Silver Spring, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,005 (100%) |
| Owner Occupied HU | 8,686 (66.8%) |
| Renter Occupied HU | 3,730 (28.7%) |
| Vacant Housing Units | 589 ( 4.5%) |
| Median Home Value | $611,332 |
| Average Home Value | $644,213 |
Housing Distribution
Address Breakdown
Residential
13,012
Single Family
9,688
Multi-Family
3,324
Businesses
359
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Listed by: John Kirk • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #MDMC2196796