1520 16th St NW APT 101, Washington, DC, 20036 | $1,089/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1520 16th St NW APT 101, Washington, DC, 20036 | $1,089/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 1520 16th St NW APT 101, Washington, DC, 20036 uses $111,053 cash to close to unlock $13,068/yr annual cash flow and $1,089/mo monthly cash flow. Total monthly income runs $3,050/mo, and a $1,640/mo payment keeps the spread at $1,089/mo. Purchase price stands at $335,000, and rental yield measures 10.93% with $3,050/mo rent. Return on cash invested shows 31.68% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 165.5% and total cumulative return in cash records $183,788. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,050/mo property income covering a $1,640/mo payment rather than investor’s personal income.

Condo

Built in 1998

N/A lot

$N/A/sqft

No HOA

More details about the property

PRICE CORRECTION - Welcome to Church Place Condominium. This extra large studio condo is ideally located between Dupont and Logan Circles close to the areas finest restaurants, shopping and nightlife. offering the pinnacle of convenience and urban living. The unit is big enough that you could make it into a Jr. 1BR apartment, if desired. Unit features a gas fireplace, full length windows that let in tons of natural light, in unit washer & dryer, and a modern kitchenette. All this is just a hop, skip and jump from Dupont Circle. Easily accessible to multiple Metro Stations including Dupont Circle Red Line and Mt. Vernon Square Station. With a walk score of 98 and a bike score of 96, you have the best of urban living just outside your door. Grab your agent and go!

Neighborhood Data

Neighborhood data shown for ZIP Code: 20036, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,592 (100%)
Owner Occupied HU	1,131 (24.6%)
Renter Occupied HU	2,781 (60.6%)
Vacant Housing Units	680 (14.8%)
Median Home Value	$531,985
Average Home Value	$695,480