9039 Sligo Creek Pkwy APT 304, Silver Spring, MD, 20901 | $688/mo Cash Flow

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9039 Sligo Creek Pkwy APT 304, Silver Spring, MD, 20901 | $688/mo Cash Flow | Ziffy

For Sale

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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 9039 Sligo Creek Pkwy APT 304, Silver Spring, MD, 20901 offers a 9.83% rental yield on a $349,000 purchase with $2,858/mo rent. Total monthly income registers $2,858/mo, and a $1,708/mo payment leaves $688/mo available for distribution. Annual cash flow reaches $8,251/yr on $115,694 to close, and return on cash invested stands at 27.04% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 141.15% and total cumulative return in cash at $163,296. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,858/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to unit #304 at the Parkside Plaza. This immaculately maintained two-bedroom, two- bathroom unit is a serene retreat perched alongside Sligo Creek Park. Freshly painted and lovingly designed with luxurious crown molding finishes, this third floor home features an open floor plan with entry to a large living space and dining area. The modern kitchen is outfitted with custom cabinetry and an Onyx backsplash. New sliding glass doors lead the way onto an expansive private terrace with tranquil views overlooking the old growth trees of Sligo Creek Park. The oversized primary bedroom boasts a walk in closet, an en-suite bathroom with marble floors and walk in glass shower as well as a chic dressing area with green Brazilian marble countertop. Down the hallway you will find the second bedroom with a walk in closet and a bathroom with designer touches such as the English pedestal sink and marble floors. This floor plan offers excellent privacy, making it perfect for guests or a home office. The Parkside Plaza Condominium building was voted Best Mid-sized Condo Community in 2021 and provides full-service living with a 24-hour concierge, party room for gatherings, laundry on every floor, on-site management and ample un-assigned parking. The recently refreshed fitness room offers residents a convenient space to work out. Afterwards, head to the sauna for some muscle recovery and relaxation. With over 5.86 acres of land to explore, the surrounding grounds and Mediation Garden are ideal for peaceful strolls. During summer, residents can cool off in the outdoor pool that boasts a spacious deck for socializing and dining. The condo fee includes all of these services PLUS utilities (except for cable/internet). Covered Parking is available on-site and Seller will pay the rental fee for an assigned garage spot for first year! In this vibrant community tucked quietly alongside Sligo Creek Park, you will enjoy easy access to nature trails, playgrounds and tennis courts all while minutes from a quick connection to downtown Silver Spring and Tacoma Park. Golfers will appreciate the six minute commute to tee off on Sligo Creek Golf Course, the oldest nine-hole course in Montgomery County. In addition to the challenging nine-hole course, Sligo Creek Golf Club has a driving range, instructional staff for lessons, and Clubhouse & Grill. Non-golfers will appreciate the Summer Sligo Creek Friday Music Series, a free evening of live outdoor music hosted at Sligo Creek Golf Course each Friday night from June-October. The Parkside Plaza Building is located just five minutes from the main Metro junction in downtown Silver Spring. Bus #13 stops at the buildings front entrance with service to both Tacoma and Silver Spring Metro.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20901, Silver Spring, MD area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,005 (100%)
Owner Occupied HU	8,686 (66.8%)
Renter Occupied HU	3,730 (28.7%)
Vacant Housing Units	589 ( 4.5%)
Median Home Value	$611,332
Average Home Value	$644,213