304 Q St NW #1WashingtonDC20001
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 304 Q St NW #1, Washington, DC, 20001 in Washington worth modelling. At $398,500 with a 8.82% gross yield, the $2,928/mo rent leaves $146/mo after the $1,792/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.63 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $110,098 by year five; $3,670/yr in principal reduction adds further equity. Total projected return: $188,889.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 5.2% |
| Monthly Cash Flow | $146 | $1,200 |
City averages based on Washington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,928 |
| Total Monthly Debt Service | $2,174 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2012
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
29,069
Single Family
8,083
Multi-Family
20,986
Businesses
1,943
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2012
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
29,069
Single Family
8,083
Multi-Family
20,986
Businesses
1,943
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bright MLS
Mls ID: #DCDC2248534