2939 Van Ness St NW APT 336, Washington, DC, 20008 | $964/mo Cash Flow

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2939 Van Ness St NW APT 336, Washington, DC, 20008 | $964/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 336, Washington, DC, 20008 generates $2,363/mo in rent and, after a $1,170/mo payment, leaves $964/mo in cash flow. Total monthly income is $2,363/mo, and annual cash flow is $11,568/yr on $79,229 invested. Return on cash invested sits at 34.51% in year one, and rental yield is 11.86% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 180.69% and total cumulative return in cash sums $143,160. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,363/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

Fabulous, bright and spacious updated studio! Fully redone in 2020 with lots of natural light. Unit is 500 sq. ft. condo steps from Red Line Metro, Giant (grocery), CVS, Starbucks and dozens of shops and restaurants.1 lovely, renovated bathroom, a chic and stylish renovated kitchen and spacious studio can be configured in different ways. Stainless appliances, new white cabinets, granite countertops. Excellent closet and storage space! Updates include premium new paint, new hardwood, extra storage/closet space, Outstanding location less than two blocks to Metro, Giant Food, restaurants and shops, UDC and Howard Law School are a block away. Two pools, 24-hour desk, exercise room, party room, plenty of guest parking.

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