2608 Wade Rd SE APT 202WashingtonDC20020
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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 2608 Wade Rd SE APT 202, Washington, DC, 20020 earns $280/mo cash flow from $1,216/mo rent with a $783/mo payment. Total monthly income totals $1,216/mo, and annual cash flow totals $3,356/yr on $53,040 capital. ROI tracks 26.24% on current figures, and rental yield reads 9.12% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 136.36% and total cumulative return in cash sums $72,326. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,216/mo property income instead of your personal income.
Condo
Built in 2004
N/A 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: Gabriel Deukmaji • KW Metro Center
Mls Name: Bright MLS
Mls ID: #DCDC2243918