2939 Van Ness St NW APT 640, Washington, DC, 20008 | $874/mo Cash Flow

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2939 Van Ness St NW APT 640, Washington, DC, 20008 | $874/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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 640, Washington, DC, 20008 listed at $265,000 pairs $2,425/mo rent with a $1,297/mo payment to leave $874/mo cash flow. Total monthly income runs $2,425/mo, and annual cash flow reaches $10,488/yr on $87,848 cash to close. Return on cash invested measures 31.85% in year one, and rental yield registers 10.98% at a $265,000 basis. Equity gained on principal adds $1,710/yr, and annual property appreciation at 5% supports $73,215 by year five. Five-year ROI tracks 166.49% and total cumulative return in cash totals $146,259. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,425/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1964

N/A lot

$N/A/sqft

No HOA

More details about the property

A rare opportunity: Bright and airy Junior One-Bedroom at Van Ness East Condominium with a private balcony and east-facing tree views. A perfect spot to sip your morning coffee or unwind at the end of the day. Shoji-style sliding screens offer a stylish transition to the bedroom while maintaining an open, light-filled feel. A separately-deeded indoor garage parking space is included. The spacious walk-in closet with custom built-ins provides excellent storage. The bathroom features an upgraded vanity and ceramic tile flooring. The parquet wood floors throughout this condo add a warm, elegant look. The open floor plan flows easily from living to dining, creating a welcoming space to relax or entertain. This inviting apartment is an excellent choice as a starter home, pied--terre, or investment property. Condo fee includes all utilities except cable/internet. Cats only. Van Ness East is a full-service, amenity-rich community featuring a reception desk staffed 24/7 and concierge services, on-site management, laundry facilities on every floor, a well-equipped fitness center, two seasonal outdoor pools, a library, social room, secure bike rooms, solar panels to help reduce utility costs, and on-site composting. Enjoy a quiet, residential setting as well as direct underground access through the 5th floor garage to the Giant grocery store and Connecticut Avenue, making daily errands easy and weatherproof. This condominium is located just one block from the Van Ness/UDC Metro and close to Starbucks, CVS pharmacy, MOMs Organic Market, restaurants, shopping and Rock Creek Parks hiking trails. Experience exceptional convenience along with a peaceful connection to nature.

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

Housing Distribution

Address Breakdown

Residential

17,979

Single Family

3,530

Multi-Family

14,449

Businesses

749

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

Nearby investment properties with comparable rents

1 Bed
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575 sft

2939 Van Ness St NW APT 941, Washington, DC, 20008

1 Bed
1 Bath
636 sft

1311 N Ode St APT 602, Arlington, VA, 22209

4 Bed
2 Bath
1475 sft

4411 Kentland Dr, Woodbridge, VA, 22193

1 Bed
1 Bath
724 sft

7598 Lakeside Village Dr APT L, Falls Church, VA, 22042

Nearby investment properties with comparable prices

2 Bed
1 Bath
1005 sft

509 N Armistead St APT 302, Alexandria, VA, 22312

2 Bed
1 Bath
861 sft

7366 Route 29 UNIT T-1, Falls Church, VA, 22046

1 Bed
1 Bath
624 sft

1532 Lincoln Way SUITE 203, McLean, VA, 22102

1 Bed
1 Bath
703 sft

4408 Helmsford Ln APT 205, Fairfax, VA, 22033

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1964
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Inside Entrance, Underground, Garage Door Opener, Assigned, Concrete, Electric Vehicle Charging Station(s), Lighted, Parking Space Conveys, Garage

Location

City: Washington
State: DC
Subdivision: N/A
Lot Size: N/A
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Orysia Stanchak • Compass

Mls Name: Bright MLS

Mls ID: #DCDC2230556

2939 Van Ness St NW APT 640,Washington,DC,20008

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

2939 Van Ness St NW APT 640WashingtonDC20008