13 Rhode Island Ave NEWashingtonDC20002
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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
Rental property for sale in Washington at 13 Rhode Island Ave NE, Washington, DC, 20002 priced at $515,000 converts $4,459/mo rent into $1,444/mo cash flow after a $2,521/mo obligation. Total monthly income equals $4,459/mo, and annual cash flow totals $17,334/yr on $169,435 invested. Return on cash invested prints 30.29% in year one, and rental yield reads 10.39% against a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation compiles into $142,285 by year five. Five-year ROI reaches 158.05% and total cumulative return in cash sums $267,793. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,459/mo property income covering a $2,521/mo payment, not borrower’s personal income.
Townhouse
Built in 1909
1,547 sqft 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: Vernada Williams • EXIT First Realty
Mls Name: Bright MLS
Mls ID: #DCDC2197974