1274 Simms Pl NE APT 3WashingtonDC20002
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1274 Simms Pl NE APT 3, Washington, DC, 20002 generates $2,305/mo in rent and, after a $1,713/mo payment, leaves $257/mo in cash flow. Total monthly income is $2,305/mo, and annual cash flow is $3,080/yr on $115,992 invested. Return on cash invested sits at 22.56% in year one, and rental yield is 7.91% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 116.65% and total cumulative return in cash sums $135,306. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,305/mo property income rather than buyer’s personal income.
Condo
Built in 1939
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kendra Whitaker • Samson Properties
Mls Name: Bright MLS
Mls ID: #DCDC2233966