930 Wayne Ave APT 1004Silver SpringMD20910
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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
Investment Highlights
Investment property for sale in Silver Spring at 930 Wayne Ave APT 1004, Silver Spring, MD, 20910 uses $92,820 cash to close to unlock $3,948/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $2,070/mo, and a $1,370/mo payment keeps the spread at $329/mo. Purchase price stands at $280,000, and rental yield measures 8.87% with $2,070/mo rent. Return on cash invested shows 24.16% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 125.66% and total cumulative return in cash records $116,637. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,070/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
23,580
Single Family
6,970
Multi-Family
16,610
Businesses
2,029
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Listed by: Carmen Fontecilla • Compass
Mls Name: Bright MLS
Mls ID: #MDMC2194134