2316 40th Pl NW APT 103, Washington, DC, 20007 | $203/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2316 40th Pl NW APT 103, Washington, DC, 20007 | $203/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 APT 103, Washington, DC, 20007 offers a 9% rental yield on a $123,232 purchase with $924/mo rent. Total monthly income registers $924/mo, and a $603/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,435/yr on $40,851 to close, and return on cash invested stands at 25.87% in year one. Equity gained on principal adds $795/yr while 5% annual appreciation supports $34,047 over five years. Portfolio math shows five-year ROI at 134.34% and total cumulative return in cash at $54,878. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $924/mo property income against a $603/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1942

N/A lot

$N/A/sqft

No HOA

More details about the property

Yes the price is realand its a great deal! This Lower-level one bedroom is in a great location, convenient to everything. 555 Square Feet of living space includes Living/Dining Room, cozy Kitchen, Full Bath and spacious corner Bedroom with windows on two sides. Four closets for linens, clothes, coats and brooms! Hardwood floors. Lush greenery from every window, which have north and west exposures. Appliances owned and maintained by the Co-op. Extra storage and free community laundry in the building. On-site management. The LOW PRICE is set by the Limited Equity Co-op. Owner must occupy; application must be approved by the Co-op Board for sale to be completed. Real Estate Tax payment is included in the monthly co-op fee. Currently, 20%-30% down payment required. All photos virtually staged.

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