2939 Van Ness St NW APT 405, Washington, DC, 20008 | $344/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 405, Washington, DC, 20008 | $344/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 2939 Van Ness St NW APT 405, Washington, DC, 20008 uses $86,190 cash to close to unlock $4,126/yr annual cash flow and $344/mo monthly cash flow. Total monthly income runs $1,866/mo, and a $1,273/mo payment keeps the spread at $344/mo. Purchase price stands at $260,000, and rental yield measures 8.61% with $1,866/mo rent. Return on cash invested shows 24.7% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 128.07% and total cumulative return in cash records $110,381. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,866/mo property income covering a $1,273/mo payment rather than investor’s personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

No HOA

More details about the property

Price Improvement! Welcome to Van Ness East Condominium, a beautifully updated 1-bedroom, 1-bath home offering 619 square feet (estimated) of comfortable living in the heart of Van Ness. This light-filled condo features large windows, granite countertops, gas cooking, and a spacious walk-in closet. The condo fee includes all utilities and extra storage which can also be rented out, making it a great value. Located just one block from the Van NessUDC Metro station and Giant Grocery Storewith the convenience of underground access to boththis residence also provides easy access to Connecticut Avenues shops, restaurants, and Golds Gym. Rock Creek Park is just outside your door, offering scenic hiking trails and a peaceful natural escape. Van Ness East offers excellent building amenities including two outdoor swimming pools, a 24-hour front desk and concierge service, a fitness center, bicycle storage, a community room, a library, and laundry facilities on every floor. In-unit washer and dryer installations are also permitted.

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