450 Condon Ter SE APT 303WashingtonDC20032
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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 450 Condon Ter SE APT 303, Washington, DC, 20032 offers a 17.27% rental yield on a $121,280 purchase with $1,745/mo rent. Total monthly income registers $1,745/mo, and a $594/mo payment leaves $792/mo available for distribution. Annual cash flow reaches $9,499/yr on $40,204 to close, and return on cash invested stands at 43.54% in year one. Equity gained on principal adds $783/yr while 5% annual appreciation supports $33,507 over five years. Portfolio math shows five-year ROI at 231.77% and total cumulative return in cash at $93,181. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,745/mo property income against a $594/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1964
650 sqft lot
$N/A/sqft
$224 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20032, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,337 (100%) |
| Owner Occupied HU | 3,531 (20.4%) |
| Renter Occupied HU | 11,934 (68.8%) |
| Vacant Housing Units | 1,872 (10.8%) |
| Median Home Value | $384,817 |
| Average Home Value | $494,903 |
Housing Distribution
Address Breakdown
Residential
16,634
Single Family
9,520
Multi-Family
7,114
Businesses
442
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