3024 Memory LnSilver SpringMD20904
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 3024 Memory Ln, Silver Spring, MD, 20904 in Silver Spring. At $617,000 it earns $4,234/mo in rent and distributes $342/mo to the owner after the $2,774/mo payment, a consistent 8.23% yield. DSCR 1.53 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $170,466 in value; $5,683/yr in principal paydown compounds ownership stake. Total projected return: $259,607.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.2% |
| Monthly Cash Flow | $342 | $1,250 |
City averages based on Silver Spring market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,234 |
| Total Monthly Debt Service | $3,592 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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