355 Interstate Highway 601, Washington, DC, 20024 | $495/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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355 Interstate Highway 601, Washington, DC, 20024 | $495/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 355 Interstate Highway 601, Washington, DC, 20024 listed at $615,000 pairs $4,094/mo rent with a $3,010/mo payment to leave $495/mo cash flow. Total monthly income runs $4,094/mo, and annual cash flow reaches $5,935/yr on $202,335 cash to close. Return on cash invested measures 22.99% in year one, and rental yield registers 7.99% at a $615,000 basis. Equity gained on principal adds $3,969/yr, and annual property appreciation at 5% supports $169,913 by year five. Five-year ROI tracks 118.91% and total cumulative return in cash totals $240,593. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,094/mo property income relative to a $3,010/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

This top floor, corner penthouse unit offers views of the Capitol Dome and is in close proximity to the DC Wharf and vibrant South West Waterfront. This well maintained home offers nearly 1100 square feet of comfortable living space, with convenient in-unit laundry. Both spacious bedrooms easily accommodate king-sized furniture and both feature ensuite bathrooms. Durable engineered 9" plank burnt oak flooring is found throughout, and a high efficiency tankless water heater has been installed in 2023 along with upgrades to plumbing and fixtures. The HVAC system was also upgraded in 2023. The open floor plan and comfortable kitchen make entertaining a pleasure in this light-filled space. Enjoy the advantage of exclusive amenities, such as a swimming pool, 24-hr concierge, meeting room, community room, weight room, cardio studio, dance/yoga/group fitness studio, and mailbox. One dedicated covered parking space (P1-118) is included.

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