490 M St SW #W-710WashingtonDC20024
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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 490 M St SW #W-710, Washington, DC, 20024 uses $99,417 cash to close to unlock $6,127/yr annual cash flow and $511/mo monthly cash flow. Total monthly income runs $2,266/mo, and a $1,468/mo payment keeps the spread at $511/mo. Purchase price stands at $299,900, and rental yield measures 9.07% with $2,266/mo rent. Return on cash invested shows 26.07% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 135.45% and total cumulative return in cash records $134,656. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,266/mo property income covering a $1,468/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: BIANCA BROOKS • Compass
Mls Name: Bright MLS
Mls ID: #DCDC2234774