355 I St SW APT 311, Washington, DC, 20024 | $605/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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355 I St SW APT 311, Washington, DC, 20024 | $605/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 355 I St SW APT 311, Washington, DC, 20024 generates $3,385/mo in rent and, after a $2,325/mo payment, leaves $605/mo in cash flow. Total monthly income is $3,385/mo, and annual cash flow is $7,257/yr on $157,463 invested. Return on cash invested sits at 24.52% in year one, and rental yield is 8.55% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 127.11% and total cumulative return in cash sums $200,143. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,385/mo property income rather than buyer’s personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

Live right by the water in a stunning, sun-filled two bedroom apartment adorned with updates galore. Freshly painted throughout, this home has a convenient open floor plan, and gleaming wide plank wood floors. The spacious kitchen features white shaker cabinets, stainless steel appliances, granite countertops, and a breakfast bar. Walk in closets provide lots of storage. This unit also has an in-unit washer/dryer and a covered garage parking space! All of this in a fabulous location near the Wharf, Waterfront Metro, Federal Center SW Metro, the National Mall, Nationals Park, and the Navy Yard. Amenities include an outdoor pool, 24 hour concierge, fitness center, and a yoga studio! Pets are permitted.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20024, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,659 (100%)
Owner Occupied HU	3,446 (22.0%)
Renter Occupied HU	9,910 (63.3%)
Vacant Housing Units	2,303 (14.7%)
Median Home Value	$569,155
Average Home Value	$671,705