7923 Eastern Ave APT 404, Silver Spring, MD, 20910 | $636/mo Cash Flow

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7923 Eastern Ave APT 404, Silver Spring, MD, 20910 | $636/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

Investment property for sale in Silver Spring at 7923 Eastern Ave APT 404, Silver Spring, MD, 20910 earns $636/mo cash flow from $2,906/mo rent with a $1,786/mo payment. Total monthly income totals $2,906/mo, and annual cash flow totals $7,637/yr on $120,998 capital. ROI tracks 26.22% on current figures, and rental yield reads 9.55% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 136.75% and total cumulative return in cash sums $165,463. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,906/mo property income instead of your personal income.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Step into this freshly painted, move-in ready condo featuring 2 bedrooms and 2 bathrooms. Nestled in the heart of Silver Spring, this beautifully designed and updated home offers a peaceful retreat while keeping you close to everything you need, including the Silver Spring Metro and easy access to DC. Whether you enjoy access to esteemed local amenities or the quiet of a tucked-away garden, this condo offers the best of both worlds. The primary bedroom suite includes a spacious walk-in closet and private full bath, while the second bedroom offers flexibility as a guest room or home office. A second full bath and an in-unit stacked washer and dryer add to the homes everyday ease. Auroras amenities elevate your lifestyle with concierge services, a fitness center, and a party room equipped with a pool table. Outside, enjoy a serene garden area perfect for morning coffee or unwinding after a long day. Perfectly situated just across the DC line, this condo is moments from the AFI Theater, The Fillmore, the Metro station, shops, restaurants, and grocery stores like Whole Foods, Safeway, and Giant. Outdoor lovers will appreciate proximity to Blair Park and Rock Creek Parks trails. Montgomery Colleges Takoma Park campus is also nearby.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20910, Silver Spring, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,434 (100%)
Owner Occupied HU	7,296 (29.9%)
Renter Occupied HU	15,439 (63.2%)
Vacant Housing Units	1,699 ( 7.0%)
Median Home Value	$776,171
Average Home Value	$792,623