1140 23rd St NW APT 1005, Washington, DC, 20037 | $160/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1140 23rd St NW APT 1005, Washington, DC, 20037 | $160/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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2700 Virginia Ave NW #811, Washington, DC, 20037

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 1140 23rd St NW APT 1005, Washington, DC, 20037 listed at $799,000 pairs $4,837/mo rent with a $3,911/mo payment to leave $160/mo cash flow. Total monthly income runs $4,837/mo, and annual cash flow reaches $1,923/yr on $262,871 cash to close. Return on cash invested measures 20.79% in year one, and rental yield registers 7.26% at a $799,000 basis. Equity gained on principal adds $5,156/yr, and annual property appreciation at 5% supports $220,749 by year five. Five-year ROI tracks 107.11% and total cumulative return in cash totals $281,562. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,837/mo property income relative to a $3,911/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1981

N/A lot

$N/A/sqft

No HOA

More details about the property

Rarely available and fully updated Penthouse condo! 2 bedrooms + 2 full bathrooms, 1 garage parking space, large balcony, + additional storage unit. 1,028 sq ft of living space flooded with natural light from a wall of windows in the living room. Newer sliding glass doors in both bedrooms for balcony access. Newer windows and freshly painted with Behr "Silver City." Open plan living/dining room with custom cabinetry for additional storage and cozy electric fireplace. Spacious gourmet kitchen with glass front cabinetry, glass tile back-splash, and stainless steel appliances. Frigidaire oven and microwave, Bosch dishwasher, and in unit washer/dryer. Primary bedroom with updated en-suite bathroom, double vanity, and large walk-in closet. Updated 2nd full bath with contemporary designer fixtures. Additional storage unit conveys. Building amenities include a Concierge and roof deck. Amazing location close to shopping, dining, World Bank, IMF, Georgetown, and Metro. Sorry, pets not allowed.

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