2037 38th St SE APT 301, Washington, DC, 20020 | $325/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2037 38th St SE APT 301, Washington, DC, 20020 | $325/mo Cash Flow | Ziffy

For Sale

Listed for sale 6 days ago

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 2037 38th St SE APT 301, Washington, DC, 20020 offers a 9.46% rental yield on a $160,000 purchase with $1,261/mo rent. Total monthly income registers $1,261/mo, and a $783/mo payment leaves $325/mo available for distribution. Annual cash flow reaches $3,896/yr on $53,040 to close, and return on cash invested stands at 27.25% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 141.81% and total cumulative return in cash at $75,218. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,261/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1940

N/A lot

$N/A/sqft

No HOA

More details about the property

**Join us for an Open House, Sunday December 21st 1-3pm** Welcome to 2037 38th St SE #301 a beautifully updated 2-bedroom, 1-bath residence in the Fairfax Village community in SE DC. This move-in ready home features brand-new flooring, a fully renovated kitchen complete with new cabinets, countertops, appliances, and updated lighting - all new in 2025. The refreshed bathroom includes a new vanity, toilet, tub, and fixtures, adding a clean, contemporary feel. The entire unit has been freshly painted and enhanced with new ceiling fans for improved comfort. Additional upgrades include a new in-unit laundry system and a new HVAC unit, ensuring year-round convenience and efficiency. Perfect for homeowners seeking a turnkey property, this thoughtfully updated condo is ready to welcome its next owner. This property wont be on the market for long - schedule a showing today to see your new home!

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