3024 Memory LnSilver SpringMD20904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3024 Memory Ln, Silver Spring, MD, 20904 generates $4,234/mo in rent and, after a $3,020/mo payment, leaves $396/mo in cash flow. Total monthly income is $4,234/mo, and annual cash flow is $4,758/yr on $202,993 invested. Return on cash invested sits at 22.4% in year one, and rental yield is 8.23% on a $617,000 entry. Equity gained on principal adds $3,981/yr, while 5% annual appreciation builds toward $170,466 over five years. Five-year ROI reaches 116.24% and total cumulative return in cash sums $235,953. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,234/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
9,008 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa P Johnson • Weichert, REALTORS
Mls Name: Bright MLS
Mls ID: #MDMC2211526