3101 New Mexico Ave NW APT 205WashingtonDC20016
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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
Rental property for sale in Washington at 3101 New Mexico Ave NW APT 205, Washington, DC, 20016 generates $2,376/mo in rent and, after a $1,194/mo payment, leaves $948/mo in cash flow. Total monthly income is $2,376/mo, and annual cash flow is $11,379/yr on $80,853 invested. Return on cash invested sits at 33.98% in year one, and rental yield is 11.69% on a $243,900 entry. Equity gained on principal adds $1,574/yr, while 5% annual appreciation builds toward $67,385 over five years. Five-year ROI reaches 177.91% and total cumulative return in cash sums $143,847. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,376/mo property income rather than buyer’s personal income.
Condo
Built in 1979
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: John Pruski • Jack Realty Group
Mls Name: Bright MLS
Mls ID: #DCDC2243740