2509 17th St NW APT 1, Washington, DC, 20009 | $589/mo Cash Flow

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2509 17th St NW APT 1, Washington, DC, 20009 | $589/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 2509 17th St NW APT 1, Washington, DC, 20009 offers a 8.37% rental yield on a $524,900 purchase with $3,661/mo rent. Total monthly income registers $3,661/mo, and a $2,569/mo payment leaves $589/mo available for distribution. Annual cash flow reaches $7,068/yr on $172,692 to close, and return on cash invested stands at 24.15% in year one. Equity gained on principal adds $3,387/yr while 5% annual appreciation supports $145,020 over five years. Portfolio math shows five-year ROI at 125.11% and total cumulative return in cash at $216,061. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,661/mo property income against a $2,569/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1900

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to your urban hideaway tucked perfectly between Adams Morgan, Meridian Hill Park, and Lanier Heights! This spacious 1 bed + LARGE den (with window & closet) offers a large, private outdoor space as well as $33K+ in updates and upgrades, making it ready for move-in. You can even store your BIKE(s) in the covered/gated private unit entry! Step inside your private entry to discover an open living area perfect for entertaining or unwinding after a long day. With its generously-sized living and dining areas, this unit is more than sufficient to accommodate ample seating and a large dining table. There is even a great spot to add a bar! The sizable passthrough to the kitchen continues the easy flow and ensures that you'll be a part of the action whenever you entertain. Any home cook will appreciate the stainless steel dishwasher, oven, and fridge, all recently replaced by the current owner. The over-sized primary bedroom beckons with its accommodating layout, offering enough space for a king-sized bed along with a designated sitting or desk area, perfect for those who work from home or crave a quiet reading nook. The versatile den, complete with closet and window, presents a myriad of possibilities to suit your lifestyle. Whether you envision it as a home office or exercise room, a retreat for guests, a creative studio, or a tranquil meditation space, the choice is yours. The tastefully remodeled bathroom adds a touch of chic sophistication, and IN-UNIT washer/dryer provides additional convenience. Step outside to your own private oasisthe serene outdoor space comes complete with a charming brick patio. Climb the private staircase to reveal a hidden terrace ideal for starting your own vegetable or herb garden. Chiminea can convey for fiery ambiance! Nestled in the vibrant Adams Morgan neighborhood, you'll find yourself just moments away from everything you need. A WALK SCORE of 96 and a BIKER'S PARADISE score of 92 mean you'll find everything at your fingertips. With Harris Teeter one block away and Meridian Hill Park just around the corner, this location boasts a full array of shops, restaurants, bars, and nightlife hotspots. Columbia Heights METRO is 0.6 miles for added access to the city. Plus, with Dupont Circle within easy reach, the city's cultural and social amenities are practically at your doorstep. $30K+ in updates/upgrades (2020-2024) include paint, new floors in living area; complete bathroom remodel; new wall unit in bedroom; new dishwasher, oven, and fridge.