2939 Van Ness St NW APT 807WashingtonDC20008
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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
Investment Highlights
Investment property for sale in Washington at 2939 Van Ness St NW APT 807, Washington, DC, 20008 listed at $317,000 pairs $2,174/mo rent with a $1,552/mo payment to leave $318/mo cash flow. Total monthly income runs $2,174/mo, and annual cash flow reaches $3,819/yr on $105,086 cash to close. Return on cash invested measures 23.54% in year one, and rental yield registers 8.23% at a $317,000 basis. Equity gained on principal adds $2,046/yr, and annual property appreciation at 5% supports $87,581 by year five. Five-year ROI tracks 121.92% and total cumulative return in cash totals $128,121. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,174/mo property income relative to a $1,552/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
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
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Listed by: Samer Makhlouf • Apex Home Realty
Mls Name: Bright MLS
Mls ID: #DCDC2242760