1013 17th Pl NE APT 3, Washington, DC, 20002 | $1,081/mo Cash Flow

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1013 17th Pl NE APT 3, Washington, DC, 20002 | $1,081/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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

Rental property for sale in Washington at 1013 17th Pl NE APT 3, Washington, DC, 20002 generates $3,299/mo in rent and, after a $1,855/mo payment, leaves $1,081/mo in cash flow. Total monthly income is $3,299/mo, and annual cash flow is $12,969/yr on $125,639 invested. Return on cash invested sits at 30.23% in year one, and rental yield is 10.45% on a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 157.76% and total cumulative return in cash sums $198,203. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,299/mo property income rather than buyer’s personal income.

Condo

Built in 2022

N/A lot

$N/A/sqft

No HOA

More details about the property

Located in bustling NE DC, in Langston-Carver, where H St Corridor, Union Market and Ivy City are all easily accessible, you can now add this boutique 8-unit residence to the mix. 17th Place Flats has an expansive rooftop, the length of the whole building, with 360 degree views of DCs skyline, a clear shot of the Washington Monument, and spectacular sunsets. In addition, each unit has its own semi-private outdoor space. Step inside and you have the spacious living & dining area which is graced by a wall of windows that offer ample natural light. The stunning white oak wide plank flooring create an inviting and warm atmosphere throughout the home. The chic corner kitchen has quartz countertops, white subway tile backsplash, white shaker cabinetry with black metal hardware, and gas cooking. The brand-new SS appliances offer functionality and style. One of the two rooms can fit a queen sized bed or double as an office. The master bedroom ensuite is at the other end, full of natural light, a deep closet, full bath and its own balcony. Both full baths are modern with tilework in grey and white hues and sleek black trim. Washer and dryer in every unit. The secured paved 3-car parking area has a quick roll up door. This unit comes with 1 parking spot. The building is fully equipped with a secured entry. The low condo fees of $172/mo include trash, water, rooftop access, and the communal green space in the rear, perfect for grilling and picnics. All units will come with a 2-year structural warranty. This home qualifies for a 10k grant for buyers with various lender programs! Ask LA for more info! VA& FHA Approved!

Neighborhood Data

Neighborhood data shown for ZIP Code: 20002, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	45,543 (100%)
Owner Occupied HU	12,288 (27.0%)
Renter Occupied HU	26,295 (57.7%)
Vacant Housing Units	6,960 (15.3%)
Median Home Value	$826,456
Average Home Value	$892,956