2902 Porter St NW APT 43, Washington, DC, 20008 | $172/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2902 Porter St NW APT 43, Washington, DC, 20008 | $172/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 2902 Porter St NW APT 43, Washington, DC, 20008 uses $124,313 cash to close to unlock $2,059/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $2,366/mo, and a $1,835/mo payment keeps the spread at $172/mo. Purchase price stands at $375,000, and rental yield measures 7.57% with $2,366/mo rent. Return on cash invested shows 21.57% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 111.29% and total cumulative return in cash records $138,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,366/mo property income covering a $1,835/mo payment rather than investor’s personal income.

Condo

Built in 1900

N/A lot

$N/A/sqft

No HOA

More details about the property

New Price! Excellent value for this bright and beautiful one bedroom, one full bathroom condo in the heart of Cleveland Park with low condo fees and washer& dryer in unit! An upper level corner unit in The Monterey with walls of windows provides plenty of natural light, and the open floor plan with generous room sizes allows for comfortable city living. Fresh paint throughout, gleaming hardwood floors and custom shades on the windows. Bedroom with comfy new carpeting, 2 closets and a separate laundry closet with stacked washer and dryer. Kitchen features a breakfast bar, recessed lighting, granite countertops and black appliances. Spacious full bathroom with tub/shower combination, vanity for storage and tasteful neutral, upgraded tile. Open living room and dining area with the perfect layout for furniture placement. Stylish historic building with freshly spruced common areas, private courtyard and new rooftop deck offers amazing city views. One block to the Red Line-Cleveland Park Metro, shops and restaurants. This prime location is easy for commuting around the city for work and play! The Monterrey is a well maintained, elevator serviced building. Perfection inside and out!

Neighborhood Data

Neighborhood data shown for ZIP Code: 20008, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,926 (100%)
Owner Occupied HU	6,475 (34.2%)
Renter Occupied HU	10,897 (57.6%)
Vacant Housing Units	1,554 ( 8.2%)
Median Home Value	$1,171,368
Average Home Value	$1,234,841