2241 16th St NEWashingtonDC20018
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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
Rental property for sale in Washington at 2241 16th St NE, Washington, DC, 20018 generates $1,974/mo in rent and, after a $1,370/mo payment, leaves $336/mo in cash flow. Total monthly income is $1,974/mo, and annual cash flow is $4,028/yr on $92,820 invested. Return on cash invested sits at 24.25% in year one, and rental yield is 8.46% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 125.68% and total cumulative return in cash sums $116,661. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,974/mo property income rather than buyer’s personal income.
Townhouse
Built in 1951
1,440 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,809
Single Family
5,914
Multi-Family
3,895
Businesses
638
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Listed by: Ressie Wallace Wilson • RE/MAX Allegiance
Mls Name: Bright MLS
Mls ID: #DCDC2215452