2040 31st Pl SEWashingtonDC20020
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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 2040 31st Pl SE, Washington, DC, 20020 uses $120,998 cash to close to unlock $11,367/yr annual cash flow and $947/mo monthly cash flow. Total monthly income runs $3,083/mo, and a $1,786/mo payment keeps the spread at $947/mo. Purchase price stands at $365,000, and rental yield measures 10.14% with $3,083/mo rent. Return on cash invested shows 29.3% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 152.81% and total cumulative return in cash records $184,891. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,083/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1958
4,792 sqft lot
$N/A/sqft
No 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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Listed by: Benita Johnson • Murrell, Inc.
Mls Name: Bright MLS
Mls ID: #DCDC2229974