9039 Sligo Creek Pkwy APT 416, Silver Spring, MD, 20901 | $516/mo Cash Flow

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9039 Sligo Creek Pkwy APT 416, Silver Spring, MD, 20901 | $516/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 416, Silver Spring, MD, 20901 earns $516/mo cash flow from $2,686/mo rent with a $1,708/mo payment. Total monthly income totals $2,686/mo, and annual cash flow totals $6,187/yr on $115,694 capital. ROI tracks 25.26% on current figures, and rental yield reads 9.24% at a $349,000 purchase. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 over five years. Five-year ROI reaches 131.56% and total cumulative return in cash sums $152,208. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,686/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

Welcome to Unit 416 at Parkside Plaza a rare, spacious corner condo with over 1,275 square feet and two private balconies. This updated 4th-floor home features an open layout with a large living room, dining area, and modern kitchen with custom cabinetry, quartz countertops, and stainless steel appliances. Wide-plank wood floors and custom glass closet doors add a sleek touch throughout. The oversized primary suite offers a walk-in closet and en-suite bath, while the second bedroom is ideal for guests or a home office. Parkside Plaza provides full-service living with a 24-hour concierge, fitness center, outdoor pool, sauna, party room, laundry on every floor, and on-site management. Condo fees include all utilities. Set along Sligo Creek Park, residents enjoy direct access to trails, playgrounds, and tennis courts, plus quick connections to downtown Silver Spring and Takoma Park. Ride On Bus #12 stops at the front entrance with service to Silver Spring Metro, and the Purple Line will soon add even more convenience. A modern, updated private residence in a full-service buildingsurrounded by nature yet close to it all.

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