1822 15th St NW APT B5, Washington, DC, 20009 | $703/mo Cash Flow

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1822 15th St NW APT B5, Washington, DC, 20009 | $703/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 1822 15th St NW APT B5, Washington, DC, 20009 uses $74,571 cash to close to unlock $8,441/yr annual cash flow and $703/mo monthly cash flow. Total monthly income runs $2,020/mo, and a $1,101/mo payment keeps the spread at $703/mo. Purchase price stands at $224,950, and rental yield measures 10.78% with $2,020/mo rent. Return on cash invested shows 31.23% in year one, and 5% annual appreciation builds toward $62,150 over five years. Five-year ROI reaches 163.15% and total cumulative return in cash records $121,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,020/mo property income covering a $1,101/mo payment rather than investor’s personal income.

Condo

Built in 1885

N/A lot

$N/A/sqft

No HOA

More details about the property

Open House Sunday (Nov 2nd) 11 AM - Noon. Cool Art Deco building in Dupont/Logan neighborhood. Great starter home/pied a terre/rental at a great price with this cozy updated studio with natural light. New bath and kitchen with lots of cabinets, large closet and interesting semi-private window well. Easy access to the laundry next door, and easy access to rear exit and alley for convenient egress and loading/unloading your vehicle. Vacant with quick occupancy. Please call to take a look. The Drew Condominium is a boutique, pet-friendly condominium located just 1 block west of the 14th Street Corridor, with great restaurants, shopping and groceries in all directions including Safeway, Trader Joe's and Whole Foods, in a neighborhood strategically located between Dupont and Logan Circles and the U Street Corridor, with a Walk Score of 95 and Bike Score of 99. The building even has a dedicated bike lane in front of the building, and is just 4 blocks to the U Street Metro Station, 6 blocks to Dupont Metro Station, and 9 blocks to the Columbia Heights Metro. The Drew Condominium is well managed with low condo fees and a responsive staff.