1002 Rhode Island Ave NE #3WashingtonDC20018
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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 1002 Rhode Island Ave NE #3, Washington, DC, 20018 uses $98,688 cash to close to unlock $3,920/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $2,069/mo, and a $1,457/mo payment keeps the spread at $327/mo. Purchase price stands at $297,700, and rental yield measures 8.34% with $2,069/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $82,249 over five years. Five-year ROI reaches 123.7% and total cumulative return in cash records $122,074. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,069/mo property income covering a $1,457/mo payment rather than investor’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20018, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,988 (100%) |
| Owner Occupied HU | 4,900 (49.1%) |
| Renter Occupied HU | 4,359 (43.6%) |
| Vacant Housing Units | 729 ( 7.3%) |
| Median Home Value | $670,931 |
| Average Home Value | $755,268 |
Housing Distribution
Address Breakdown
Residential
9,809
Single Family
5,914
Multi-Family
3,895
Businesses
638
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Listed by: D'Ann Lanning • Compass
Mls Name: Bright MLS
Mls ID: #DCDC2233784