3017 Sherman Ave NW, Washington, DC, 20001 | 4.79% Rental Yield

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3017 Sherman Ave NW, Washington, DC, 20001 | 4.79% Rental Yield | 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 3017 Sherman Ave NW, Washington, DC, 20001 earns from $4,392/mo rent with a $5,384/mo payment. Total monthly income totals $4,392/mo. ROI tracks 13.48% on current figures, and rental yield reads 4.79% at a $1,100,000 purchase. Equity gained on principal adds $7,098/yr, and 5% annual appreciation supports $303,910 over five years. Five-year ROI reaches 67.82% and total cumulative return in cash sums $241,699. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,392/mo property income instead of your personal income.

Multi Family

Built in 1902

1,536 sqft lot

$N/A/sqft

No HOA

More details about the property

3017 Sherman Ave NW is an attractive multi-family property located in the desirable Columbia Heights neighborhood. This renovated duplex offers two separate units, each featuring 2 bedrooms and 1 bath, hardwood floors and stainless-steel appliances. The lower unit includes a private patio, while the upper unit has a private deck overlooking a sizable backyard. The location is a commuter's dream, just a 3 block walk to the Columbia Heights Metro station (Green/Yellow lines), with multiple bus routes directly on Sherman Avenue NW. The property is also ideally situated for enjoying the vibrant Columbia Heights neighborhood, offering easy walking distance to three grocery stores including Whole Foods, 3 blocks from Target. Award-winning restaurants and bars are nearby. Parks & recreation including Meridian Hill Park is just a short 20-minute walk away. The neighborhood is also rated as very dog-friendly with great dog parks close by. A parking pad can easily be added in the rear if parking is a must. Perfect for owner occupant to occupy one unit and air bnb the other.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20001, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	31,258 (100%)
Owner Occupied HU	7,610 (24.3%)
Renter Occupied HU	19,069 (61.0%)
Vacant Housing Units	4,579 (14.6%)
Median Home Value	$858,542
Average Home Value	$926,439