1661 Park Rd NW APT 403, Washington, DC, 20010 | 8.47% Rental Yield

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1661 Park Rd NW APT 403, Washington, DC, 20010 | 8.47% Rental Yield | Ziffy

Off market

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

Rental property for sale in Washington at 1661 Park Rd NW APT 403, Washington, DC, 20010 generates $2,221/mo in rent, after a $1,541/mo payment. Total monthly income is $2,221/mo. Return on cash invested sits at 15.88% in year one, and rental yield is 8.47% on a $314,800 entry. Equity gained on principal adds $2,031/yr, while 5% annual appreciation builds toward $86,973 over five years. Five-year ROI reaches 83.84% and total cumulative return in cash sums $87,494. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,221/mo property income rather than buyer’s personal income.

Condo

Built in 1925

323 sqft lot

$N/A/sqft

$637 monthly HOA

More details about the property

In the heart of Mt Pleasant, this one-bedroom condominium unit is in Walking distance to restaurants, shopping, farmers market and local businesses. Convenient to public transit: Columbia Heights and Cleveland Park subways and bus transfer stop. Two blocks to Giant Foods, CVS, Target, Best Buy, WSC. Lovely walk to Rock Creek Park with recreational activities, closed to car traffic on weekends. Renovated, one-bedroom apartment with loads of natural light; 4th floor - top floor in elevator building, secure entrance. The unit has new kitchen, countertops, and appliances to include dishwasher and in-unit washer/dryer. Hardwood floors, central heat and air, living/dining area and separate bedroom with tons of natural light and high efficiency windows, full bath with tub and shower and sufficient closet space. Street parking with zone sticker. Viewing by appointment, please reply to this advertisement if you plan to come. Available August 15, 2019

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