437 New York Ave NW APT 1003, Washington, DC, 20001 | $42/mo Cash Flow

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437 New York Ave NW APT 1003, Washington, DC, 20001 | $42/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 437 New York Ave NW APT 1003, Washington, DC, 20001 offers a 7.12% rental yield on a $496,000 purchase with $2,945/mo rent. Total monthly income registers $2,945/mo, and a $2,428/mo payment leaves $42/mo available for distribution. Annual cash flow reaches $500/yr on $164,424 to close, and return on cash invested stands at 20.21% in year one. Equity gained on principal adds $3,201/yr while 5% annual appreciation supports $137,036 over five years. Portfolio math shows five-year ROI at 104.03% and total cumulative return in cash at $171,048. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,945/mo property income against a $2,428/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2008

N/A lot

$N/A/sqft

No HOA

More details about the property

Just Listed! Rare opportunity at the Yale Steam Laundry condominium. Residence #1003 is a delightful one-bedroom / one-bath with garage parking in a full service, amenity-rich building. As you enter the home you will be immediately struck by the natural light and sweeping views from the oversized windows and private balcony. This spacious home features an open floor plan, hardwood floors, kitchen with 42" maple cabinets, granite counters with breakfast bar, and stainless steel appliances. The living and dining area features 9 ft ceilings and offers ample space to both relax or entertain. The large bedroom features hardwood floors, ceiling fan, and ample natural light. The stylish bathroom has been updated with a new vanity and glass shower enclosure. The recently replaced water heater, refrigerator, and dishwasher are also nice value-adds. The quality steel & concrete construction of Yale Laundry combined with its unique adaptive re-use of an historic steam laundry make this a unique find in Washington, DC. Constructed in 2008, the new construction component of the building in integrated with the adjoining historic structure. Amenities include a rooftop pool and sundeck, fully equipped fitness center, 24/7 concierge with package service, lounge at the lobby level and billiards area. The condominium is a well-managed, pet-friendly building in the fantastic Mount Vernon Triangle neighborhood. Conveniently located in the heart of DC, the building is across the street from groceries, shopping, dining, and nightlife. 3 Metro lines (Red/Yellow/Green) are within walking distance and I-395 is only 1 stop light away. Don't miss this rare opportunity!

Neighborhood Data

Neighborhood data shown for ZIP Code: 20001, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	31,258 (100%)
Owner Occupied HU	7,610 (24.3%)
Renter Occupied HU	19,069 (61.0%)
Vacant Housing Units	4,579 (14.6%)
Median Home Value	$858,542
Average Home Value	$926,439