2841 Gainesville St SE APT 203, Washington, DC, 20020 | $195/mo Cash Flow

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2841 Gainesville St SE APT 203, Washington, DC, 20020 | $195/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 2841 Gainesville St SE APT 203, Washington, DC, 20020 offers a 9.14% rental yield on a $110,000 purchase with $838/mo rent. Total monthly income registers $838/mo, and a $538/mo payment leaves $195/mo available for distribution. Annual cash flow reaches $2,335/yr on $36,465 to close, and return on cash invested stands at 26.31% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 136.8% and total cumulative return in cash at $49,884. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $838/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1955

N/A lot

$N/A/sqft

No HOA

More details about the property

Move in ready 2 bedroom condo unit located in Renaisance Condominum Community. Centrally located near Suitland Parkway and 395. Priced to Sell! Property does not qualify for FHA financing. Seller will only consider Conventional / Alternative Financing only or Cash offers.

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