1121 24th St NW APT 310WashingtonDC20037
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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 1121 24th St NW APT 310, Washington, DC, 20037 uses $89,174 cash to close to unlock $3,123/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $2,144/mo, and a $1,317/mo payment keeps the spread at $260/mo. Purchase price stands at $269,000, and rental yield measures 9.56% with $2,144/mo rent. Return on cash invested shows 23.41% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 122.73% and total cumulative return in cash records $109,439. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,144/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Condo
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20037, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,694 (100%) |
| Owner Occupied HU | 2,548 (23.8%) |
| Renter Occupied HU | 6,452 (60.3%) |
| Vacant Housing Units | 1,694 (15.8%) |
| Median Home Value | $978,316 |
| Average Home Value | $1,152,383 |
Housing Distribution
Address Breakdown
Residential
8,588
Single Family
573
Multi-Family
8,015
Businesses
680
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Listed by: Aiden Berri • Samson Properties
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DCDC2202008
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