429 N St SW #S-404WashingtonDC20024
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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
Investment Highlights
Investment property for sale in Washington at 429 N St SW #S-404, Washington, DC, 20024 uses $132,567 cash to close to unlock $4,029/yr annual cash flow and $336/mo monthly cash flow. Total monthly income runs $2,676/mo, and a $1,957/mo payment keeps the spread at $336/mo. Purchase price stands at $399,900, and rental yield measures 8.03% with $2,676/mo rent. Return on cash invested shows 22.95% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 118.71% and total cumulative return in cash records $157,364. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,676/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
12,937
Single Family
2,977
Multi-Family
9,960
Businesses
607
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Listed by: Andy Peers • Compass
Mls Name: Bright MLS
Mls ID: #DCDC2216986