1355 Michigan Ave NEWashingtonDC20017
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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 1355 Michigan Ave NE, Washington, DC, 20017 generates $4,104/mo in rent and, after a $3,279/mo payment, leaves $183/mo in cash flow. Total monthly income is $4,104/mo, and annual cash flow is $2,195/yr on $220,430 invested. Return on cash invested sits at 21.06% in year one, and rental yield is 7.35% on a $669,999 entry. Equity gained on principal adds $4,323/yr, while 5% annual appreciation builds toward $185,108 over five years. Five-year ROI reaches 108.5% and total cumulative return in cash sums $239,177. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,104/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
3,273 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20017, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Housing Distribution
Address Breakdown
Residential
Single Family
Multi-Family
Businesses
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Listed by: Joe Martin • Keller Williams Capital Properties
Mls Name: Bright MLS
Mls ID: #DCDC2215366