3051 Idaho Ave NW APT 217WashingtonDC20016
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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 3051 Idaho Ave NW APT 217, Washington, DC, 20016 uses $62,786 cash to close to unlock $10,241/yr annual cash flow and $853/mo monthly cash flow. Total monthly income runs $2,000/mo, and a $927/mo payment keeps the spread at $853/mo. Purchase price stands at $189,400, and rental yield measures 12.67% with $2,000/mo rent. Return on cash invested shows 36.22% in year one, and 5% annual appreciation builds toward $52,328 over five years. Five-year ROI reaches 190.16% and total cumulative return in cash records $119,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,000/mo property income covering a $927/mo payment rather than investor’s personal income.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20016, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,169 (100%) |
| Owner Occupied HU | 9,083 (52.9%) |
| Renter Occupied HU | 6,147 (35.8%) |
| Vacant Housing Units | 1,939 (11.3%) |
| Median Home Value | $1,255,037 |
| Average Home Value | $1,294,909 |
Housing Distribution
Address Breakdown
Residential
15,340
Single Family
7,194
Multi-Family
8,146
Businesses
1,109
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A