3200 N Leisure World Blvd APT 1017, Silver Spring, MD, 20906 | $529/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3200 N Leisure World Blvd APT 1017, Silver Spring, MD, 20906 | $529/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Silver Spring at 3200 N Leisure World Blvd APT 1017, Silver Spring, MD, 20906 uses $137,573 cash to close to unlock $6,349/yr annual cash flow and $529/mo monthly cash flow. Total monthly income runs $3,110/mo, and a $2,031/mo payment keeps the spread at $529/mo. Purchase price stands at $415,000, and rental yield measures 8.99% with $3,110/mo rent. Return on cash invested shows 24.52% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 127.66% and total cumulative return in cash records $175,629. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,110/mo property income covering a $2,031/mo payment rather than investor’s personal income.

Condo

Built in 2003

N/A lot

$N/A/sqft

No HOA

More details about the property

Stunning Leisure World Condo!! Private views of the Golf Course and green space!! This 3-bedroom condo offers views from every room!! Storage areas in each of the 3 bedrooms with generous closet space. Beautifully updated living room with gas fireplace along with access to the enclosed balcony. The dining room is off the open kitchen leading to another entrance to the enclosed balcony. Kitchen offers updated stainless steel appliances and cabinets to store all your kitchen wares. The openness of the kitchen means you will always be included in your social gatherings. Balcony views include the 18-hole golf course and tree top views. Club House I was recently constructed and offers residents a multitude of opportunities to join in the fun!! Club House II has an indoor swim center, tennis and pickle ball courts along with other opportunities for games and gatherings. Leisure World is beautifully landscaped community and offers a Broadwalk through the golf course for the active walkers/joggers in the community. Conveniently located close to Washington DC and Baltimore you can gain access to the ICC-200, I-495 for Northern VA and I-95 for the Baltimore area.

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