3240 Hewitt Ave #ASilver SpringMD20906
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.59 makes 3240 Hewitt Ave #A, Silver Spring, MD, 20906 in Silver Spring one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 8.6%. The 8.6% yield, 5% annual appreciation ($70,424 over five years), and $2,348/yr in principal reduction project a total cumulative return of $112,299.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 5.2% |
| Monthly Cash Flow | $(316) | $1,250 |
City averages based on Silver Spring market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,827 |
| Total Monthly Debt Service | $1,484 |
| DSCR Ratio | 1.23x |
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.
Condo
Built in 1968
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
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
Condo
Built in 1968
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yanira Rodriguez • Long & Foster Real Estate, Inc.
Mls Name: Long & Foster Broker Feed
Mls ID: #MDMC2214244