1701 16th St NW APT 408, Washington, DC, 20009 | $959/mo Cash Flow

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1701 16th St NW APT 408, Washington, DC, 20009 | $959/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 1701 16th St NW APT 408, Washington, DC, 20009 earns $959/mo cash flow from $2,317/mo rent with a $1,136/mo payment. Total monthly income totals $2,317/mo, and annual cash flow totals $11,504/yr on $76,908 capital. ROI tracks 34.87% on current figures, and rental yield reads 11.98% at a $232,000 purchase. Equity gained on principal adds $1,497/yr, and 5% annual appreciation supports $64,097 over five years. Five-year ROI reaches 182.63% and total cumulative return in cash sums $140,459. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,317/mo property income instead of your personal income.

Condo

Built in 1920

N/A lot

$N/A/sqft

No HOA

More details about the property

Open House Saturday, September 27 11am-1pm. Ready to own for the price of renting? Look no further than unit #408 at the Chastleton: a luxury DuPont Circle studio where you can unlock all the perks of homeownership without maxing out your mortgage. The only floor plan of its kind in the building that looks out onto 16th Street NW. #408 is the perfect opportunity to build equity from one of the most coveted locations in all of DC. Inside, recently refinished hardwood floors and sweeping windows set the tone for a modern haven designed exclusively for the urban buyer. Work from home with views of city life below, unwind in your cozy sitting area, and enjoy meals around the dining table. A walk-in closet, room for a queen bed, a sleek bathroom, and an available parking space for $200 a month round out the advantages that come with the unit itself but at the Chastleton, theres so much more to discover. A co-op brimming with in-demand amenities, the Chastelton makes getting outdoors more accessible than ever thanks to its show stopping rooftop deck and an open-air courtyard with grills. Also found onsite is a 24-hour staffed front desk, a ballroom for events, a sizable fitness center, shared laundry, and additional storage. ** Underlying Mortgage Balance is $27,285.57 as of August 1, 2025 and INTEREST RATE is 2.55%. VERY IMPORTANT: Underlying Mortgage balance of $27,285.57 is SUBTRACTED from sale price as repayments are included in the monthly fee. Set on an acre of land at the intersection of 16th and R Streets in DuPont Circle, the Chastleton connects residents with the best of DC. Sample your way through the local dining scene at favorites like Anju, Pembroke, or Hanks Oyster Bar, grab cocktails at Doyle, get your dose of Impressionist culture at The Phillips Collection, and pick up fresh produce at the weekly Farmers Market. Beyond the neighborhood you call home, the attractions of Logan Circle, U Street, and Adams Morgan are all just a short walk away. And whenever you need to venture to another corner of DC? Both the DuPont Circle and U Street Metro stops are right at your fingertips. An urban sanctuary in the heart of DC, 1701 16th Street NW #408 is your chance not only to embrace homeownership, but to redefine what city living means to you.