1421 Spring Rd NW #IZ-204, Washington, DC, 20010 | $218/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1421 Spring Rd NW #IZ-204, Washington, DC, 20010 | $218/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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 $2,622/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $1,535/mo, and a $1,101/mo payment keeps the spread at $218/mo. Purchase price stands at $224,900, and rental yield measures 8.19% with $1,535/mo rent. Return on cash invested shows 23.43% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 121.28% and total cumulative return in cash records $90,421. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,535/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

More details about the property

THIS IS AN IZ UNIT. You must be a DCHD certified candidate. 1421 Spring is a brand new condo building on a treelined street above Columbia Heights. Unit 204 is a 1 Bed/ 1 Bath modern and beautiful condo home and presents designer finishes, a thoughtful open floor plan, a gorgeous contemporary kitchen, and chic bath. Copious amounts of natural light stream in through LOTS of windows throughout the unit. Boasting low condo fees and a Walk Score of 96, the centrally located building is just minutes away from numerous neighborhood favorites. Don't miss your chance to be a homeowner in DC, enjoying the comforts of modern city living.

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