3301 S Leisure World Blvd #99-2ESilver 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 3301 S Leisure World Blvd #99-2E, Silver Spring, MD, 20906 uses $33,979 cash to close to unlock $1,970/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $802/mo, and a $502/mo payment keeps the spread at $164/mo. Purchase price stands at $102,500, and rental yield measures 9.39% with $802/mo rent. Return on cash invested shows 25.71% in year one, and 5% annual appreciation builds toward $28,319 over five years. Five-year ROI reaches 134.09% and total cumulative return in cash records $45,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $802/mo property income covering a $502/mo payment rather than investor’s personal income.
Condo
Built in 1967
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: LEO BABOCI • Weichert, REALTORS
Mls Name: Bright MLS
Mls ID: #MDMC2210946