1000 New Jersey Ave SE APT 1029WashingtonDC20003
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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 Washington at 1000 New Jersey Ave SE APT 1029, Washington, DC, 20003 uses $137,573 cash to close to unlock $7,347/yr annual cash flow and $612/mo monthly cash flow. Total monthly income runs $3,041/mo, and a $2,031/mo payment keeps the spread at $612/mo. Purchase price stands at $415,000, and rental yield measures 8.79% with $3,041/mo rent. Return on cash invested shows 25.25% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 131.06% and total cumulative return in cash records $180,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,041/mo property income covering a $2,031/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: 20003, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,121 (100%) |
| Owner Occupied HU | 6,629 (25.4%) |
| Renter Occupied HU | 15,625 (59.8%) |
| Vacant Housing Units | 3,867 (14.8%) |
| Median Home Value | $959,664 |
| Average Home Value | $1,046,138 |
Housing Distribution
Address Breakdown
Residential
25,270
Single Family
9,011
Multi-Family
16,259
Businesses
1,508
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Listed by: Marc Cormier • Berkshire Hathaway HomeServices PenFed Realty
Mls Name: Bright MLS
Mls ID: #DCDC2231644