2008 38th St SE APT 302, Washington, DC, 20020 | $311/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2008 38th St SE APT 302, Washington, DC, 20020 | $311/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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2016 37th St SE APT 201, Washington, DC, 20020

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

Rental property for sale in Washington at 2008 38th St SE APT 302, Washington, DC, 20020 generates $1,277/mo in rent and, after a $808/mo payment, leaves $311/mo in cash flow. Total monthly income is $1,277/mo, and annual cash flow is $3,730/yr on $54,698 invested. Return on cash invested sits at 26.73% in year one, and rental yield is 9.29% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 138.98% and total cumulative return in cash sums $76,019. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,277/mo property income rather than buyer’s personal income.

Condo

Built in 1940

N/A lot

$N/A/sqft

No HOA

More details about the property

Freshly remodeled 2-bedroom 1-bathroom condo. Featuring new kitchen cabinets with Calacatta quartz counter top, new SS appliances, new bathrooms, new lightings/fans, new LVP flooring, new painting. New Washer/Dryer in unit.

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