1602 Isherwood St NE APT 3, Washington, DC, 20002 | $316/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1602 Isherwood St NE APT 3, Washington, DC, 20002 | $316/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 1602 Isherwood St NE APT 3, Washington, DC, 20002 uses $104,423 cash to close to unlock $3,793/yr annual cash flow and $316/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,542/mo payment keeps the spread at $316/mo. Purchase price stands at $315,000, and rental yield measures 8.23% with $2,160/mo rent. Return on cash invested shows 23.54% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 121.93% and total cumulative return in cash records $127,325. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,542/mo payment rather than investor’s personal income.

Condo

Built in 1933

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome into 1602 Isherwood St NE #2. This 2bed-1bath unit boast thoughtfully designed living space in this beautifully renovated Kingman Park condo. A major 2018 renovation transformed the home, opening the floor plan to create a seamless connection between the spacious living room and the modern kitchenperfect for entertaining or everyday comfort. Enjoy the convenience of an in unit washer and dryer and versatile second bedroom that can easily transform into and office or den. The expansive, south-facing primary bedroom is drenched in natural light throughout the day, offering a serene retreat in the heart of the city. This is an exceptional opportunity to get into Kingman Park ahead of the approved RFK redevelopmenta game-changing project that will bring new shopping, retail, grocery options, a sports complex, and the future Commanders stadium to your doorstep. Enjoy unmatched convenience with Stadium Armory Metro, Lincoln Park, the Fields at RFK, Eastern Market, and the vibrant H Street Corridor all within walking distance. Whether youre a first-time buyer or looking for an investment with incredible upside, this home delivers style, space, and a location on the cusp of major transformation. Join us for a Happy Hour open House this Thursday, 8/21 from 5pm-7pm!

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