3362 Gleneagles Dr #71-1DSilver 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 3362 Gleneagles Dr #71-1D, Silver Spring, MD, 20906 offers a 9.62% rental yield on a $144,900 purchase with $1,162/mo rent. Total monthly income registers $1,162/mo, and a $709/mo payment leaves $261/mo available for distribution. Annual cash flow reaches $3,132/yr on $48,034 to close, and return on cash invested stands at 26.43% in year one. Equity gained on principal adds $935/yr while 5% annual appreciation supports $40,033 over five years. Portfolio math shows five-year ROI at 137.83% and total cumulative return in cash at $66,205. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,162/mo property income against a $709/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Marilyn Greggs • Weichert, REALTORS
Mls Name: Bright MLS
Mls ID: #MDMC2205326