1124 Florida Ave NE #108WashingtonDC20002
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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 1124 Florida Ave NE #108, Washington, DC, 20002 uses $162,402 cash to close to unlock $8,166/yr annual cash flow and $681/mo monthly cash flow. Total monthly income runs $3,548/mo, and a $2,398/mo payment keeps the spread at $681/mo. Purchase price stands at $489,900, and rental yield measures 8.69% with $3,548/mo rent. Return on cash invested shows 24.94% in year one, and 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 129.37% and total cumulative return in cash records $210,101. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,548/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
43,009
Single Family
18,248
Multi-Family
24,761
Businesses
1,755
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Listed by: Jennifer Felix • Urban Pace Polaris, Inc.
Mls Name: Bright MLS
Mls ID: #DCDC2239212