1622 Eastern Ave NEWashingtonDC20019
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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
Rental property for sale in Washington at 1622 Eastern Ave NE, Washington, DC, 20019 offers $2,561/mo rent that, after a $1,348/mo payment, leaves $949/mo cash flow. Total monthly income is $2,561/mo, and annual cash flow is $11,388/yr on $91,328 cash. Return on cash invested measures 32.38% in year one, and rental yield stands at 11.15% at a $275,500 entry. Equity gained on principal adds $1,778/yr while 5% annual appreciation compounds into $76,116 by year five. Five-year ROI records 169.25% and total cumulative return in cash reaches $154,572. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,561/mo property income versus a $1,348/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20019, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,567 (100%) |
| Owner Occupied HU | 9,325 (33.8%) |
| Renter Occupied HU | 15,092 (54.7%) |
| Vacant Housing Units | 3,150 (11.4%) |
| Median Home Value | $430,881 |
| Average Home Value | $476,715 |
Housing Distribution
Address Breakdown
Residential
24,046
Single Family
14,366
Multi-Family
9,680
Businesses
515
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Listed by: James Haskins • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #DCDC2241340