1938 I St NEWashingtonDC20002
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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
Investment property for sale in Washington at 1938 I St NE, Washington, DC, 20002 listed at $924,000 pairs $4,207/mo rent with a $4,523/mo payment. Total monthly income runs $4,207/mo. Return on cash invested measures 15.32% in year one, and rental yield registers 5.46% at a $924,000 basis. Equity gained on principal adds $5,962/yr, and annual property appreciation at 5% supports $255,284 by year five. Five-year ROI tracks 77.74% and total cumulative return in cash totals $236,339. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,207/mo property income relative to a $4,523/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1942
2,432 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20002, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45,543 (100%) |
| Owner Occupied HU | 12,288 (27.0%) |
| Renter Occupied HU | 26,295 (57.7%) |
| Vacant Housing Units | 6,960 (15.3%) |
| Median Home Value | $826,456 |
| Average Home Value | $892,956 |
Housing Distribution
Address Breakdown
Residential
43,009
Single Family
18,248
Multi-Family
24,761
Businesses
1,755
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Listed by: Marc Cashin • Corcoran McEnearney
Mls Name: Bright MLS
Mls ID: #DCDC2230362