2801 New Mexico Ave NW APT 1406WashingtonDC20007
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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 2801 New Mexico Ave NW APT 1406, Washington, DC, 20007 offers a 7.81% rental yield on a $510,000 purchase with $3,320/mo rent. Total monthly income registers $3,320/mo, and a $2,496/mo payment leaves $335/mo available for distribution. Annual cash flow reaches $4,023/yr on $167,790 to close, and return on cash invested stands at 22.46% in year one. Equity gained on principal adds $3,291/yr while 5% annual appreciation supports $140,904 over five years. Portfolio math shows five-year ROI at 116.05% and total cumulative return in cash at $194,715. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,320/mo property income against a $2,496/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Maggie Shannon • Washington Fine Properties, LLC
Mls Name: Bright MLS
Mls ID: #DCDC2243022