1701 16th St NW APT 422, Washington, DC, 20009 | $946/mo Cash Flow

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1701 16th St NW APT 422, Washington, DC, 20009 | $946/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 422, Washington, DC, 20009 listed at $429,000 pairs $3,457/mo rent with a $2,100/mo payment to leave $946/mo cash flow. Total monthly income runs $3,457/mo, and annual cash flow reaches $11,350/yr on $142,214 cash to close. Return on cash invested measures 27.89% in year one, and rental yield registers 9.67% at a $429,000 basis. Equity gained on principal adds $2,768/yr, and annual property appreciation at 5% supports $118,525 by year five. Five-year ROI tracks 145.19% and total cumulative return in cash totals $206,485. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,457/mo property income relative to a $2,100/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1920

N/A lot

$N/A/sqft

No HOA

More details about the property

Experience life at one of DC's premier addresses! This expansive one-bedroom residence at The Chastleton stands out as one of the largest in the building. It boasts an open-concept living space with a distinct nook, ideal for setting up an office or creating a cozy reading corner. The kitchen is fully updated, featuring granite countertops, stainless steel appliances, a double oven, and a wine refrigerator. While the building provides common laundry facilities, this unit is equipped with a full-size, in-unit washer and dryer for added convenience. The bedroom comes with three impressive closets, including a walk-in, plus built-in shelving and drawers for extra storage. The unit overlooks a sunny courtyard, perfect for grilling or unwinding. Residents of The Chastleton enjoy a wealth of amenities, including a unique ballroom for hosting events, a 24-hour fitness center, and a sunny rooftop deck offering stunning city views. Residents ONLY pay electricity. Comcast cable, HBO, high-speed internet, 24/7 front desk, water, sewer, trash and taxes are included in the co-op fee. The underlying mortgage balance of $53,729.47 is included in the monthly fee and gets subtracted from the sales price.