1311 Delaware Ave SW APT S528, Washington, DC, 20024 | $173/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1311 Delaware Ave SW APT S528, Washington, DC, 20024 | $173/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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1311 Delaware Ave SW APT S640, Washington, DC, 20024

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 1311 Delaware Ave SW APT S528, Washington, DC, 20024 earns $173/mo cash flow from $758/mo rent with a $489/mo payment. Total monthly income totals $758/mo, and annual cash flow totals $2,078/yr on $33,150 capital. ROI tracks 26.18% on current figures, and rental yield reads 9.1% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 136.16% and total cumulative return in cash sums $45,136. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $758/mo property income instead of your personal income.

Condo

Built in 1962

N/A lot

$N/A/sqft

No HOA

More details about the property

Price improvement! Welcome to this charming 1 bed, 1 bath coop within the River Park Community, perfectly situated near all the Southwest Waterfront neighborhood has to offer! As you step inside, you're greeted by an inviting open living/dining area flooded with natural light. Adjacent to the living space, discover a spacious enclosed balcony, perfect for enjoying morning coffee or unwinding in the evening. The kitchen boasts well-equipped appliances and ample storage. The spacious bedroom offers generous closet space, large windows inviting abundant light, and convenient access to the balcony, creating a serene retreat. For added convenience, there's an option to rent parking on site. The River Park community provides an array of amenities, including a 24-hour front desk concierge, gated community, fitness center, music room with a piano, meeting room, common laundry facilities, a full-size outdoor pool, grill area, bike storage, and much more. The monthly co-op fee of $1,724 includes all utilities, property taxes, underlying mortgage, reserve funds, monthly maintenance and insurance. Residents enjoy easy access to incredible restaurants and nightlife at the Wharf, Nationals Park stadium, shops, grocery stores, and more, ensuring a vibrant and dynamic lifestyle. Don't miss the opportunity to make this property your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 20024, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,659 (100%)
Owner Occupied HU	3,446 (22.0%)
Renter Occupied HU	9,910 (63.3%)
Vacant Housing Units	2,303 (14.7%)
Median Home Value	$569,155
Average Home Value	$671,705