3220 Ludham Dr #196ASilver SpringMD20906
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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
Investment property for sale in Silver Spring at 3220 Ludham Dr #196A, Silver Spring, MD, 20906 uses $132,567 cash to close to unlock $5,714/yr annual cash flow and $476/mo monthly cash flow. Total monthly income runs $2,963/mo, and a $1,957/mo payment keeps the spread at $476/mo. Purchase price stands at $399,900, and rental yield measures 8.89% with $2,963/mo rent. Return on cash invested shows 24.22% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 126.02% and total cumulative return in cash records $167,060. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,963/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
27,137
Single Family
15,766
Multi-Family
11,371
Businesses
453
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Listed by: kim obendorfer • RE/MAX Realty Group
Mls Name: Bright MLS
Mls ID: #MDMC2204486