1016 Rhode Island Ave NE #2WashingtonDC20018
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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
Rental property for sale in Washington at 1016 Rhode Island Ave NE #2, Washington, DC, 20018 generates $2,192/mo in rent and, after a $1,459/mo payment, leaves $447/mo in cash flow. Total monthly income is $2,192/mo, and annual cash flow is $5,369/yr on $98,787 invested. Return on cash invested sits at 25.34% in year one, and rental yield is 8.83% on a $298,000 entry. Equity gained on principal adds $1,923/yr, while 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 131.56% and total cumulative return in cash sums $129,968. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,192/mo property income rather than buyer’s personal income.
Condo
Built in 2025
431 sqft 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: elias Demessie • DMV Realty, INC.
Mls Name: Bright MLS
Mls ID: #DCDC2241648