3662 Edelmar Ter #119-BSilver SpringMD20906
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 3662 Edelmar Ter #119-B, Silver Spring, MD, 20906 in Silver Spring. Rental yield 7.67%. The 1.42 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $90,897 and $3,030/yr in principal reduction project total return of $54,131.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 5.2% |
| Monthly Cash Flow | $(1,183) | $1,250 |
City averages based on Silver Spring market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,102 |
| Total Monthly Debt Service | $3,154 |
| DSCR Ratio | 0.67x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1971
7,264 sqft lot
$N/A/sqft
$1,239 monthly 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 1971
7,264 sqft lot
$N/A/sqft
$1,239 monthly 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A