1907 Good Hope Rd SE APT 303WashingtonDC20020
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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 1907 Good Hope Rd SE APT 303, Washington, DC, 20020 generates $2,491/mo in rent and, after a $654/mo payment, leaves $1,070/mo in cash flow. Total monthly income is $2,491/mo, and annual cash flow is $12,837/yr on $44,282 invested. Return on cash invested sits at 48.9% in year one, and rental yield is 22.38% on a $133,580 entry. Equity gained on principal adds $862/yr, while 5% annual appreciation builds toward $36,906 over five years. Five-year ROI reaches 264.13% and total cumulative return in cash sums $116,963. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,491/mo property income rather than buyer’s personal income.
Condo
Built in 1965
1,185 sqft lot
$N/A/sqft
$617 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20020, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,460 (100%) |
| Owner Occupied HU | 6,831 (27.9%) |
| Renter Occupied HU | 15,173 (62.0%) |
| Vacant Housing Units | 2,456 (10.0%) |
| Median Home Value | $436,983 |
| Average Home Value | $485,945 |
Housing Distribution
Address Breakdown
Residential
23,175
Single Family
12,130
Multi-Family
11,045
Businesses
706
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