15 S St NE UNIT 2WashingtonDC20002
INVESTMENT ANALYSIS
Investment Verdict
Solid Income15 S St NE UNIT 2, Washington, DC, 20002 in Washington is a solid income-producing rental, 8.44% gross yield, $5,591/mo rent, $938/mo net cash flow on a $795,000 buy. DSCR 1.56 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $219,644 and $7,322/yr in principal reduction project a total cumulative return of $360,681.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 5.2% |
| Monthly Cash Flow | $938 | $1,200 |
City averages based on Washington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,591 |
| Total Monthly Debt Service | $4,337 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1905
N/A 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
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
Condo
Built in 1905
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nathan Julian Guggenheim • Washington Fine Properties, LLC
Mls Name: Bright MLS
Mls ID: #DCDC2214454