2316 40th Pl NW #304, Washington, DC, 20007 | $248/mo Cash Flow

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2316 40th Pl NW #304, Washington, DC, 20007 | $248/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 2316 40th Pl NW #304, Washington, DC, 20007 earns $248/mo cash flow from $1,055/mo rent with a $675/mo payment. Total monthly income totals $1,055/mo, and annual cash flow totals $2,975/yr on $45,700 capital. ROI tracks 26.42% on current figures, and rental yield reads 9.18% at a $137,858 purchase. Equity gained on principal adds $890/yr, and 5% annual appreciation supports $38,088 over five years. Five-year ROI reaches 137.33% and total cumulative return in cash sums $62,758. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,055/mo property income instead of your personal income.

Condo

Built in 1944

N/A lot

$N/A/sqft

No HOA

More details about the property

Bright corner 1BR/1BA on the top floor of a small building on a tree-lined street in Glover Park. Compact but efficient kitchen with gas cooking. Four closets. Seven large windows! Beecher Cooperative is a self-managed, 63-unit limited equity cooperative (LEC), offering affordable owner-occupied housing in a beautiful, quiet neighborhood conveniently located between Georgetown and the National Cathedral. Walking distance to Wisconsin Avenue, MetroBus, DC Circulator. Monthly fee includes water, gas, heat, property taxes, management, groundskeeping, and in-building laundry. Owner pays only for electricity and phone/internet. LEC housing is available below market value but resale is restricted to purchase price plus consumer price index, so that it remains affordable for future buyers. Membership application and interview required; income limits apply. Pet-friendly (small-medium). Contact the Beecher Cooperative Office (202) 333-1681 office@BeecherCooperative.com

Neighborhood Data

Neighborhood data shown for ZIP Code: 20007, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,376 (100%)
Owner Occupied HU	6,093 (45.6%)
Renter Occupied HU	5,844 (43.7%)
Vacant Housing Units	1,439 (10.8%)
Median Home Value	$1,345,989
Average Home Value	$1,371,625