1423 Montello 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
Investment property for sale in Washington at 1423 Montello Ave NE, Washington, DC, 20002 uses $284,585 cash to close to unlock $4,176/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $5,411/mo, and a $4,234/mo payment keeps the spread at $348/mo. Purchase price stands at $865,000, and rental yield measures 7.51% with $5,411/mo rent. Return on cash invested shows 21.53% in year one, and 5% annual appreciation builds toward $238,984 over five years. Five-year ROI reaches 111.05% and total cumulative return in cash records $316,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,411/mo property income covering a $4,234/mo payment rather than investor’s personal income.
Townhouse
Built in 1929
1,581 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: PJ Santiago • Keller Williams Realty
Mls Name: Bright MLS
Mls ID: #DCDC2229988