This lovely 2 bedroom gem is located right in the heart of Silver Spring. Minutes from downtown. Totally renovated condo with fresh paint, Granite counters, ceramic back-splash, stainless steel appliances, custom closets and energy efficient windows. All utilities are included in the condo fee. One assigned parking spot and visitor or street parking for additional vehicles. Walking distance to public transportation. Within minutes to I-495, Colesville RoadnnPurchase vs renting analysis:nSale price: $175,999 with 20% down = $35,200nLoan amount: $140,800 at 3.0% interest, Monthly mortgage = $594nTaxes and insurance/mo = $199nCondo fees= $823/monnTO BUY , Total monthly payment to own = $1,616.00 – annually = $19,392nnTO RENT 2 Beds/1bath in the area is around $1,800 per month – annually $21,600nnA saving of $2,208/year when purchasennConclusion: It is smart to purchase instead of renting. The equity of the house will most likely increase and the interest fees will be tax deductible.nnDisclaimer: The exercise shown above merely for illustration purpose. Accurate figures will be calculate by a lender.