1438 Meridian Pl NW APT Ll1WashingtonDC20010
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1438 Meridian Pl NW APT Ll1, Washington, DC, 20010 offers a 11.22% rental yield on a $290,000 purchase with $2,711/mo rent. Total monthly income registers $2,711/mo, and a $1,419/mo payment leaves $1,014/mo available for distribution. Annual cash flow reaches $12,169/yr on $96,135 to close, and return on cash invested stands at 32.57% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 170.33% and total cumulative return in cash at $163,744. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,711/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1910
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Junior • Redfin Corp
Mls Name: Bright MLS
Mls ID: #DCDC2239980