2939 Van Ness St NW APT 1226, Washington, DC, 20008 | $927/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2939 Van Ness St NW APT 1226, Washington, DC, 20008 | $927/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

Rental property for sale in Washington at 2939 Van Ness St NW APT 1226, Washington, DC, 20008 generates $2,783/mo in rent and, after a $1,552/mo payment, leaves $927/mo in cash flow. Total monthly income is $2,783/mo, and annual cash flow is $11,127/yr on $105,086 invested. Return on cash invested sits at 30.5% in year one, and rental yield is 10.54% on a $317,000 entry. Equity gained on principal adds $2,046/yr, while 5% annual appreciation builds toward $87,581 over five years. Five-year ROI reaches 159.22% and total cumulative return in cash sums $167,313. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,783/mo property income rather than buyer’s personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

No HOA

More details about the property

This sun-filled, top floor condo offers approximately 852 square feet of expansive living, making it one of the largest one-bedroom units in the building. Enjoy sweeping tree-top views from oversized east-facing windows that flood the space with natural light. The open, airy layout is perfect for both relaxing and entertaining. The kitchen and bathroom were renovated in 2018 with custom dark cherry cabinetry, granite countertops, and stainless-steel appliances. A bistro table fits perfectly in the eat-in kitchen. Parquet wood floors run throughout and generous storage includes two walk-in closets, one of which has the potential to be converted into a home office or den. An outdoor parking space #72 is included and conveniently located near the building's rear entrance. Van Ness East is an amenity-rich, full-service building featuring 24/7 front desk and concierge services, on-site management, laundry room on every floor, fitness center, 2 seasonal outdoor pools, library, bike room, extra storage, social room, solar panels to help reduce utility costs and on-site composting. Condo fee includes all utilities except cable and internet, simplifying your monthly expenses. Cats only. Enjoy direct underground access through the 5th floor garage to both the Giant grocery store and Connecticut Avenue. Located just two blocks from the Van Ness Metro. Easy access to restaurants, shopping, hiking trails, and more, making this an ideal location for those seeking both convenience and tranquility.

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