518 Oglethorpe St NE, Washington, DC, 20011 | $1,164/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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518 Oglethorpe St NE, Washington, DC, 20011 | $1,164/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 518 Oglethorpe St NE, Washington, DC, 20011 listed at $350,000 pairs $3,212/mo rent with a $1,713/mo payment to leave $1,164/mo cash flow. Total monthly income runs $3,212/mo, and annual cash flow reaches $13,963/yr on $116,025 cash to close. Return on cash invested measures 31.94% in year one, and rental yield registers 11.01% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 166.94% and total cumulative return in cash totals $193,694. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,212/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1949

1,999 sqft lot

$N/A/sqft

No HOA

More details about the property

Investment opportunity. 3 bd. 1 bath semi detached home is waiting for renovation. Located in popular Riggs Park. In the heart of Riggs Park and on a quiet treelined street, the home is steps away from the Fort Totten Metro Station (red, yellow and green lines), Riggs Lasalle Rec Center, numerous restaurants, gyms, day cares, free music concerts, Aldi, Walmart, Giant, and more! Be sure to check out all the fab stores at Art Place DC on South Dakota Ave!

Neighborhood Data

Neighborhood data shown for ZIP Code: 20011, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,769 (100%)
Owner Occupied HU	13,345 (48.1%)
Renter Occupied HU	12,310 (44.3%)
Vacant Housing Units	2,114 ( 7.6%)
Median Home Value	$721,753
Average Home Value	$798,090