3100 Connecticut Ave NW APT 302, Washington, DC, 20008 | $348/mo Cash Flow

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3100 Connecticut Ave NW APT 302, Washington, DC, 20008 | $348/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 3100 Connecticut Ave NW APT 302, Washington, DC, 20008 offers a 7.93% rental yield on a $459,000 purchase with $3,035/mo rent. Total monthly income registers $3,035/mo, and a $2,247/mo payment leaves $348/mo available for distribution. Annual cash flow reaches $4,177/yr on $152,159 to close, and return on cash invested stands at 22.65% in year one. Equity gained on principal adds $2,962/yr while 5% annual appreciation supports $126,813 over five years. Portfolio math shows five-year ROI at 117.15% and total cumulative return in cash at $178,247. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,035/mo property income against a $2,247/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1923

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautifully presented and move-in ready, this stylish corner one bedroom, one bath condominium is ideally situated in the heart of Cleveland Park. Showcasing gorgeous hardwood floors, high ceilings and abundant natural light from two exposures, the home exudes warmth and charm. The recently renovated gourmet kitchen features sleek cabinetry, quartz countertops, stainless steel appliances, and a gas range perfect for modern living and entertaining.A spacious walk-in closet just off the living room provides generous storage and could easily function as a home office nook or creative workspace. The updated bathroom offers a window and a deep soaking tub, creating a tranquil, spa-like retreat. A generously sized bedroom includes two large windows and a spacious closet, providing both comfort and practicality.Perks in this pet-friendly building include free laundry on each floor, 17 shared parking spaces, bike storage, community courtyard with grills, easy access to Rock Creek Park, and the Smithsonian Zoo just across the street. Rental surface and garage parking available close by. Cleveland Park is a great blend and balance of all the best DC has to offer-restaurants, shops, farmers market, and a recently renovated DC Library.Retro charm meets contemporary charisma on the streets of this quiet community. Close to downtown DC, but away from congestion, this community is served by the Cleveland Park and Woodley Park Metro stations and several bus lines.

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