4740 Connecticut Ave NW APT 709, Washington, DC, 20008 | $308/mo Cash Flow

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4740 Connecticut Ave NW APT 709, Washington, DC, 20008 | $308/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

Rental property for sale in Washington at 4740 Connecticut Ave NW APT 709, Washington, DC, 20008 generates $2,415/mo in rent and, after a $1,762/mo payment, leaves $308/mo in cash flow. Total monthly income is $2,415/mo, and annual cash flow is $3,696/yr on $119,340 invested. Return on cash invested sits at 23.01% in year one, and rental yield is 8.05% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 119% and total cumulative return in cash sums $142,017. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,415/mo property income rather than buyer’s personal income.

Condo

Built in 1956

N/A lot

$N/A/sqft

No HOA

More details about the property

Unit 709 at The Essex is desirably located on an upper floor and features a large, private balcony with monument views. The new owner will enjoy its spacious rooms, lovely oak floors, and multiple custom built-ins. The crisp white kitchen has stainless steel appliances and granite countertops. Each bedroom has generous closets with ample storage and large windows to showcase lush, treetop views. This turnkey condo has been freshly painted, features updated lighting, and conveys with an additional storage unit. The monthly fee covers all utilities and building amenities include a 24-hour staffed front desk, common laundry facility, and a rooftop to enjoy sweeping city views.

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