3450 38th St NW APT F408, Washington, DC, 20016 | $427/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3450 38th St NW APT F408, Washington, DC, 20016 | $427/mo Cash Flow | Ziffy

For Sale

Currently Rented

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 3450 38th St NW APT F408, Washington, DC, 20016 uses $125,970 cash to close to unlock $5,122/yr annual cash flow and $427/mo monthly cash flow. Total monthly income runs $2,651/mo, and a $1,860/mo payment keeps the spread at $427/mo. Purchase price stands at $380,000, and rental yield measures 8.37% with $2,651/mo rent. Return on cash invested shows 23.98% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 124.2% and total cumulative return in cash records $156,457. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,651/mo property income covering a $1,860/mo payment rather than investor’s personal income.

Condo

Built in 1942

N/A lot

$N/A/sqft

No HOA

More details about the property

OPEN SATURDAY, 1-3 PM! Welcome to this bright and airy top-floor unit in the highly desirable McLean Gardens community, nestled in the heart of Cleveland Park. Set against a tranquil, wooded backdrop, this oversized one-bedroom home offers the perfect combination of peaceful city living, architectural charm, and modern updates. Perched on the private top floor of a classic brick building, this residence features soaring cathedral ceilings and skylights, offering tons of natural light. The updated kitchen is outfitted with new quartz countertops, stainless steel appliances, and cherry cabinets, opening to a generous living and dining space thats ideal for both relaxing and entertaining. The living and dining rooms feature beautiful hardwood flooring underneath the new carpet. A standout feature of this home is the unique lofted bedroom, accessed by an open staircase, complete with a bonus space ideal for a home office or exercise equipment! The upper level also features multiple built-ins plus two spacious storage closets for all of your storage needs. The entire home has been freshly painted, giving it a bright new look! Multiple closets and a well-appointed, spacious bathroom complete the main level, offering comfort and functionality. Another rare bonus is an in-unit washer/dryer, providing the utmost convenience! McLean Gardens is known for its serene, park-like setting and top-tier amenities, including landscaped grounds, picnic areas, tennis courts, a seasonal outdoor pool, and scenic walking trails. The community is pet-friendly and professionally managed, with low monthly fees, making it one of NW DCs most sought-after addresses. All of this is just moments from Cathedral Commons, the National Cathedral, tons of shops, restaurants, and more at the new City Ridge development, as well as convenient Metro access. Whether youre commuting downtown or enjoying the neighborhood, this home offers the ideal blend of charm, space, and convenience.

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