1421 Spring Rd NW #IZ-204WashingtonDC20010
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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
Investment property for sale in Washington at 1421 Spring Rd NW #IZ-204, Washington, DC, 20010 uses $74,554 cash to close to unlock $3,366/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $1,597/mo, and a $1,101/mo payment keeps the spread at $280/mo. Purchase price stands at $224,900, and rental yield measures 8.52% with $1,597/mo rent. Return on cash invested shows 24.42% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 126.66% and total cumulative return in cash records $94,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,597/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20010, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,885 (100%) |
| Owner Occupied HU | 4,717 (31.7%) |
| Renter Occupied HU | 9,131 (61.3%) |
| Vacant Housing Units | 1,037 ( 7.0%) |
| Median Home Value | $876,050 |
| Average Home Value | $937,564 |
Housing Distribution
Address Breakdown
Residential
14,553
Single Family
5,689
Multi-Family
8,864
Businesses
610
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Listed by: D'Ann Lanning • Compass
Mls Name: Bright MLS
Mls ID: #DCDC2231190