3318 Sherman Ave NW APT 101, Washington, DC, 20010 | $626/mo Cash Flow

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3318 Sherman Ave NW APT 101, Washington, DC, 20010 | $626/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 3318 Sherman Ave NW APT 101, Washington, DC, 20010 listed at $299,933 pairs $2,381/mo rent with a $1,468/mo payment to leave $626/mo cash flow. Total monthly income runs $2,381/mo, and annual cash flow reaches $7,507/yr on $99,428 cash to close. Return on cash invested measures 27.46% in year one, and rental yield registers 9.53% at a $299,933 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,866 by year five. Five-year ROI tracks 142.9% and total cumulative return in cash totals $142,083. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,381/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1915

303 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 3318 Sherman Ave NW, Unit 101 This bright and elevated first-floor condo offers a perfect mix of city convenience and neighborhood charm. Set in the heart of Columbia Heights and equidistant from the vibrant energy of Petworth and the historic U Street Corridor, the location puts you at the center of DC living while keeping a peaceful residential feel on Sherman Avenue. Just a quick ride west takes you into Rock Creek Park, offering a natural escape right in the city. Inside, youll find soaring ceilings and oversized windows that fill the space with natural light. The open layout is anchored by bamboo flooring, a modern kitchen with granite countertops and stainless-steel appliances, and a spacious living area designed for both comfort and entertaining. The large bedroom and contemporary bath are complemented by in-unit laundry and smart storage solutions, making daily living seamless. Though its on the first floor, the home is elevated and thoughtfully set back from the street for added privacy and security. This boutique brick building provides low-maintenance ownership and has long-standing rental appeal. Columbia Heights and Georgia AvePetworth Metro stations are both close by, along with endless shopping, dining, and conveniences like Target, Giant, and neighborhood coffee shops. Howard University, Childrens National Hospital, and downtown are all easily accessible, further enhancing the homes value for both residents and investors. With its unbeatable location, abundance of natural light, and the rare blend of privacy and accessibility, Unit 101 at 3318 Sherman Ave NW is an excellent opportunity for a homeowner or investor seeking long-term value in one of DCs most dynamic neighborhoods.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20010, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,885 (100%)
Owner Occupied HU	4,717 (31.7%)
Renter Occupied HU	9,131 (61.3%)
Vacant Housing Units	1,037 ( 7.0%)
Median Home Value	$876,050
Average Home Value	$937,564