3415 Island Creek Ct #131-A, Silver Spring, MD, 20906 | 6.88% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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3415 Island Creek Ct #131-A, Silver Spring, MD, 20906 | 6.88% Rental Yield | Ziffy

For Sale

Listed for sale 7 days ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

Rental property for sale in Silver Spring at 3415 Island Creek Ct #131-A, Silver Spring, MD, 20906 generates $3,356/mo in rent, after a $2,863/mo payment. Total monthly income is $3,356/mo. Return on cash invested sits at 18.3% in year one, and rental yield is 6.88% on a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 94.22% and total cumulative return in cash sums $181,338. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,356/mo property income rather than buyer’s personal income.

Condo

Built in 1977

N/A lot

$N/A/sqft

No HOA

More details about the property

Step into this beautifully maintained, freshly painted 3-bedroom, 2-bath patio home with newly installed carpet in Leisure World. Designed for comfort and convenience, this rarely available Barstow model boasts 1550 sq/ft with a thoughtfully updated kitchen and bathrooms, offering modern finishes and a move-in ready feel. A spacious and light-filled expanded sunroom provides the perfect place to relax with your morning coffee or entertain family or friends year-round. The open layout flows seamlessly, making everyday living and hosting a breeze. The oversized 2-car garage is a true highlight, featuring built-in storage galoreideal for organizing tools, hobbies, and seasonal items. As part of Leisure World, youll enjoy access to endless amenities including golf, swimming, fitness centers, restaurants, walking trails, and a vibrant calendar of clubs and activities. All in a secure, beautifully landscaped community just minutes from shopping, dining, and major commuter routes. Buyer is responsible for a 3% + $350 Capitol Contribution payable at closing to LWMC.

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

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1977
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Garage Faces Front, Storage, Inside Entrance, Attached, Driveway, On Street

Location

City: Silver Spring
State: MD
Subdivision: N/A
Lot Size: N/A
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Tracy Onslow • RE/MAX Realty Centre, Inc.

Mls Name: Bright MLS

Mls ID: #MDMC2210848

3415 Island Creek Ct #131-A,Silver Spring,MD,20906

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

3415 Island Creek Ct #131-ASilver SpringMD20906