3630 Gleneagles Dr #8-2BSilver 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
Rental property for sale in Silver Spring at 3630 Gleneagles Dr #8-2B, Silver Spring, MD, 20906 generates $961/mo in rent and, after a $597/mo payment, leaves $202/mo in cash flow. Total monthly income is $961/mo, and annual cash flow is $2,428/yr on $40,443 invested. Return on cash invested sits at 25.91% in year one, and rental yield is 9.45% on a $122,000 entry. Equity gained on principal adds $787/yr, while 5% annual appreciation builds toward $33,706 over five years. Five-year ROI reaches 135.15% and total cumulative return in cash sums $54,659. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $961/mo property income rather than buyer’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: Marilyn Greggs • Weichert, REALTORS
Mls Name: Bright MLS
Mls ID: #MDMC2200936