2939 Van Ness St NW APT 1129, Washington, DC, 20008 | $192/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2939 Van Ness St NW APT 1129, Washington, DC, 20008 | $192/mo Cash Flow | Ziffy

For Sale

Currently Rented

Fix & Flip

Rental Income

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

Rental property for sale in Washington at 2939 Van Ness St NW APT 1129, Washington, DC, 20008 generates $1,363/mo in rent and, after a $979/mo payment, leaves $192/mo in cash flow. Total monthly income is $1,363/mo, and annual cash flow is $2,308/yr on $66,300 invested. Return on cash invested sits at 23.39% in year one, and rental yield is 8.18% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 121.12% and total cumulative return in cash sums $80,300. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,363/mo property income rather than buyer’s personal income.

Condo

Built in 1964

470 sqft lot

$N/A/sqft

No HOA

More details about the property

PRICE DROP! Enjoy low-maintenance city living in this well-kept 11th-floor condo with a bright, elevated view. The monthly condo fee conveniently includes all utilities, and the building features a solar roof for added energy efficiency. Residents have access to two outdoor pools, a fitness center, and a community room, plus the convenience of an elevator and exceptional concierge service. The location is unmatched: you can walk to the Van Ness Metro (red line) entirely underground, never needing to step outside. Parking is often available for rent in the garage or outdoor lot for added flexibility. Inside, the kitchen is finished with granite countertops, and the building provides a shared washer-dryer area. Pet policies allow certain pets with Board approval (dogs are not permitted). Currently leased at $1,911 per month, the unit provides immediate cash flow for investors and is priced to sell, making it an excellent opportunity for buyers seeking a solid return or a stylish home in a superb location.

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