8045 Newell St APT 516, Silver Spring, MD, 20910 | $508/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8045 Newell St APT 516, Silver Spring, MD, 20910 | $508/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 8045 Newell St APT 516, Silver Spring, MD, 20910 uses $112,710 cash to close to unlock $6,090/yr annual cash flow and $508/mo monthly cash flow. Total monthly income runs $2,622/mo, and a $1,664/mo payment keeps the spread at $508/mo. Purchase price stands at $340,000, and rental yield measures 9.25% with $2,622/mo rent. Return on cash invested shows 25.31% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 131.88% and total cumulative return in cash records $148,638. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,622/mo property income covering a $1,664/mo payment rather than investor’s personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to the top floor of 8045 Newell Streetwhere location, luxury, and lifestyle come together in the most desirable way. This one-bedroom plus den condo offers unparalleled views of the surrounding neighborhoods with sweeping sunsets that you can enjoy from your private balcony. Located in one of the buildings most sought-after spots, this unit truly stands out. Inside, youll find a bright and open layout perfect for both relaxing and entertaining. The kitchen features granite countertops and overlooks the spacious living area, making it the heart of the home. Unlike other units in the building, this one is upgraded with beautiful hardwood floors that add warmth and style throughout. The versatile den offers the flexibility of a home office or guest space, while the primary bedroom boasts a generous walk-in closet for all your storage needs. A reserved garage parking space makes commuting a breeze, and youre just steps to the Metro, MARC, and the future Purple Line. This pet-friendly, smoke-free building includes top-tier amenities such as a fitness center, resident lounge, and an inviting outdoor patio. With a Walk Score of 94, youre in the center of it allwalk to Whole Foods, Target, Ellsworth Place, farmers markets, restaurants, and more. Dont miss this rare opportunity to own a top-floor unit with unbeatable views, premium finishes, and one of the best locations in the building!

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