2939 Van Ness St NW APT 941, Washington, DC, 20008 | $961/mo Cash Flow

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2939 Van Ness St NW APT 941, Washington, DC, 20008 | $961/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 941, Washington, DC, 20008 earns $961/mo cash flow from $2,425/mo rent with a $1,224/mo payment. Total monthly income totals $2,425/mo, and annual cash flow totals $11,537/yr on $82,875 capital. ROI tracks 33.83% on current figures, and rental yield reads 11.64% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 177.1% and total cumulative return in cash sums $146,770. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,425/mo property income instead of your personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

No HOA

More details about the property

**EXTRAORDINARY RENOVATED CONDO IN VAN NESS EAST/UDC/CLEVELAND PARK** This 1 bedroom, 1 bathroom unit has everything you have been looking for: Open floor plan, parquet floors, renovated kitchen with breakfast bar, granite countertops, stainless steel appliances, freshly painted with neutral colors, walk-in closet with modern built-in shelves, extra storage and ALL UTILITIES INCLUDED! Located at Van Ness East a luxury building with 24/7 front desk, concierge, fitness center, and two outdoor pools, laundry facilities on each floor, bike storage, and walking distance to Van Ness-UDC METRO, underground access to grocery store, restaurants, and entertainment.

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