2238 15th St NE, Washington, DC, 20018 | $686/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2238 15th St NE, Washington, DC, 20018 | $686/mo Cash Flow | Ziffy

For Sale

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 2238 15th St NE, Washington, DC, 20018 uses $165,419 cash to close to unlock $8,229/yr annual cash flow and $686/mo monthly cash flow. Total monthly income runs $3,606/mo, and a $2,442/mo payment keeps the spread at $686/mo. Purchase price stands at $499,000, and rental yield measures 8.67% with $3,606/mo rent. Return on cash invested shows 24.88% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 129.07% and total cumulative return in cash records $213,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,606/mo property income covering a $2,442/mo payment rather than investor’s personal income.

Townhouse

Built in 1962

2,118 sqft lot

$N/A/sqft

No HOA

More details about the property

FULLY HIGH-END RENOVATION FROM TOP TO BOTTOM WITH ALL NECESSARY PERMITS APPROVED. The one youve been waiting for with 2 parking spaces at the back. This stunning 2 level with 4 bedrooms and 1 luxurious full bathroom and 1 half bathroom offers the perfect blend of comfort and style. As you step into the heart of the home and be amazed by the completely updated gourmet kitchen, featuring beautiful windows that flood the space with natural light. The backyard chairs beckon you to unwind and entertain in style, with ample space for hosting gatherings with family and friends. The backyard provides where you can enjoy the beauty of nature and create lasting memories. Also it has a spacious two car driveway. This home is a true haven for those who appreciate quality craftsmanship. Don't miss the opportunity to make this exquisite property your own and experience the epitome of upscale living. Schedule a showing today and prepare to be captivated by all that this exceptional home has to offer! Listing Office

Neighborhood Data

Neighborhood data shown for ZIP Code: 20018, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,988 (100%)
Owner Occupied HU	4,900 (49.1%)
Renter Occupied HU	4,359 (43.6%)
Vacant Housing Units	729 ( 7.3%)
Median Home Value	$670,931
Average Home Value	$755,268