3407 Summit Ct NE #3407, Washington, DC, 20018 | $1,044/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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3407 Summit Ct NE #3407, Washington, DC, 20018 | $1,044/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

Rental property for sale in Washington at 3407 Summit Ct NE #3407, Washington, DC, 20018 generates $2,946/mo in rent and, after a $1,591/mo payment, leaves $1,044/mo in cash flow. Total monthly income is $2,946/mo, and annual cash flow is $12,522/yr on $107,738 invested. Return on cash invested sits at 31.53% in year one, and rental yield is 10.88% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 164.75% and total cumulative return in cash sums $177,493. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,946/mo property income rather than buyer’s personal income.

Condo

Built in 1978

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautiful condo, Look like a townhouse, unit in second floor with its own private main door in first floor and private stairs, with terrace on 2 both bedrooms enjoy the beautiful view, 1 bath, nice updated kitchen, with fireplace, laminate wood floors, skylight, spacious living area and dining, 2 walk in closets, 1 big extra storage room in main floor and 1 storage in front door, coat closet, with 2 years washer dryer in main floor, new HVAC just installed in 2024, assigned parking with plenty street parking, Walk to Fort Lincoln shopping center that has a Cosco, Lowes, Pet Smart and many more stores. Some of the great features of Ft Lincoln include the picnic grounds, pool, cultural center, tennis courts, basketball courts and more. Don't miss this opportunity in a beautiful location in NE.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20018, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,988 (100%)
Owner Occupied HU	4,900 (49.1%)
Renter Occupied HU	4,359 (43.6%)
Vacant Housing Units	729 ( 7.3%)
Median Home Value	$670,931
Average Home Value	$755,268