4740 Connecticut Ave NW APT 515, Washington, DC, 20008 | $1,527/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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4740 Connecticut Ave NW APT 515, Washington, DC, 20008 | $1,527/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 4740 Connecticut Ave NW APT 515, Washington, DC, 20008 uses $132,269 cash to close to unlock $18,319/yr annual cash flow and $1,527/mo monthly cash flow. Total monthly income runs $3,862/mo, and a $1,953/mo payment keeps the spread at $1,527/mo. Purchase price stands at $399,000, and rental yield measures 11.62% with $3,862/mo rent. Return on cash invested shows 33.76% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 176.68% and total cumulative return in cash records $233,690. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,862/mo property income covering a $1,953/mo payment rather than investor’s personal income.

Condo

Built in 1956

N/A lot

$N/A/sqft

No HOA

More details about the property

PRICE REDUCTION **Stunning 2-Bedroom Condo on Historic Connecticut Avenue** Welcome to your new home on prestigious Connecticut Avenue, where historic charm meets modern convenience. This beautifully appointed 2-bedroom, 2-bathroom condo offers an unparalleled living experience in the heart of Washington DC. Step inside and be greeted by an open and airy living space, ideal for both relaxation and entertaining. With all new flooring, the condo features spacious bedrooms with ample closet space, and the two bathrooms designed with a mix of contemporary and vintage fixtures. The well-equipped kitchen boasts sleek countertops and modern appliances, perfect for preparing gourmet meals or quick snacks. One of the standout features of this property is its prime location. Nestled on historic Connecticut Avenue, you'll enjoy unmatched walk-ability to a variety of cafes, restaurants, and shops. Whether youre commuting to work in the city or heading out to the suburbs, this central location provides easy access to major routes and public transportation, making your daily travels a breeze. For added convenience, the condo includes a dedicated parking space (G-52) and your own storage locker, a valuable asset in this bustling city. On top of that, the building offers an incredible rooftop deck where you can take in breathtaking views of the DC skyline, an ideal spot for unwinding after a long day or entertaining guests. Experience the perfect blend of historic elegance and modern amenities in this exceptional condo. Your new urban oasis awaits on Connecticut Avenue.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20008, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,926 (100%)
Owner Occupied HU	6,475 (34.2%)
Renter Occupied HU	10,897 (57.6%)
Vacant Housing Units	1,554 ( 8.2%)
Median Home Value	$1,171,368
Average Home Value	$1,234,841