1030 Fairmont St NW APT T2, Washington, DC, 20001 | $515/mo Cash Flow

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1030 Fairmont St NW APT T2, Washington, DC, 20001 | $515/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

Investment property for sale in Washington at 1030 Fairmont St NW APT T2, Washington, DC, 20001 earns $515/mo cash flow from $2,417/mo rent with a $1,591/mo payment. Total monthly income totals $2,417/mo, and annual cash flow totals $6,174/yr on $107,738 capital. ROI tracks 25.64% on current figures, and rental yield reads 8.92% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 133.16% and total cumulative return in cash sums $143,461. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,417/mo property income instead of your personal income.

Condo

Built in 1900

N/A lot

$N/A/sqft

No HOA

More details about the property

This charming one-bedroom condo offers a vibrant urban lifestyle with the unbeatable convenience of a prime Columbia Heights location, near the U Street Corridor and Howard University. Enjoy your own secure, private patio - perfect for relaxing outdoors or entertaining guests. Located in a pet-friendly boutique building with low condo fees, this home is just 0.6 miles from both the Columbia Heights and U Street Metro stations. Youre also moments away from neighborhood parks, acclaimed restaurants, and local shops. Washer/dryer hookups are already in place in the bedroom closet - ask about a potential credit with an acceptable offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20001, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	31,258 (100%)
Owner Occupied HU	7,610 (24.3%)
Renter Occupied HU	19,069 (61.0%)
Vacant Housing Units	4,579 (14.6%)
Median Home Value	$858,542
Average Home Value	$926,439