2801 New Mexico Ave NW APT 1016WashingtonDC20007
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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
Rental property for sale in Washington at 2801 New Mexico Ave NW APT 1016, Washington, DC, 20007 generates $3,070/mo in rent, after a $3,715/mo payment. Total monthly income is $3,070/mo. Return on cash invested sits at 13.47% in year one, and rental yield is 4.85% on a $759,000 entry. Equity gained on principal adds $4,898/yr, while 5% annual appreciation builds toward $209,698 over five years. Five-year ROI reaches 67.81% and total cumulative return in cash sums $169,331. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,070/mo property income rather than buyer’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,897
Single Family
6,823
Multi-Family
7,074
Businesses
1,393
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Listed by: Barbara Alafoginis • Washington Fine Properties, LLC
Mls Name: Bright MLS
Mls ID: #DCDC2228072