2406 24th St 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 2406 24th St SE, Washington, DC, 20020 listed at $355,000 pairs $2,390/mo rent with a $1,738/mo payment to leave $312/mo cash flow. Total monthly income runs $2,390/mo, and annual cash flow reaches $3,741/yr on $117,683 cash to close. Return on cash invested measures 23.09% in year one, and rental yield registers 8.08% at a $355,000 basis. Equity gained on principal adds $2,291/yr, and annual property appreciation at 5% supports $98,080 by year five. Five-year ROI tracks 119.46% and total cumulative return in cash totals $140,580. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,390/mo property income relative to a $1,738/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
3,692 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: Chris Chambers • Samson Properties
Mls Name: Bright MLS
Mls ID: #DCDC2214200