3024 Porter St NW APT 102WashingtonDC20008
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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 3024 Porter St NW APT 102, Washington, DC, 20008 uses $102,765 cash to close to unlock $6,191/yr annual cash flow and $516/mo monthly cash flow. Total monthly income runs $2,330/mo, and a $1,517/mo payment keeps the spread at $516/mo. Purchase price stands at $310,000, and rental yield measures 9.02% with $2,330/mo rent. Return on cash invested shows 25.93% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 134.7% and total cumulative return in cash records $138,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,330/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Condo
Built in 1922
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: Christopher Jones • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DCDC2243732