2475 Virginia Ave NW #608WashingtonDC20037
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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 2475 Virginia Ave NW #608, Washington, DC, 20037 uses $67,958 cash to close to unlock $2,850/yr annual cash flow and $238/mo monthly cash flow. Total monthly income runs $1,437/mo, and a $1,003/mo payment keeps the spread at $238/mo. Purchase price stands at $205,000, and rental yield measures 8.41% with $1,437/mo rent. Return on cash invested shows 24.1% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 124.9% and total cumulative return in cash records $84,882. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,437/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Condo
Built in 1957
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20037, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,694 (100%) |
| Owner Occupied HU | 2,548 (23.8%) |
| Renter Occupied HU | 6,452 (60.3%) |
| Vacant Housing Units | 1,694 (15.8%) |
| Median Home Value | $978,316 |
| Average Home Value | $1,152,383 |
Housing Distribution
Address Breakdown
Residential
8,588
Single Family
573
Multi-Family
8,015
Businesses
680
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Listed by: Lauren Johnson • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #DCDC2201374