624 G St SWWashingtonDC20024
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Washington at 624 G St SW, Washington, DC, 20024 priced at $862,000 converts $6,647/mo rent into $1,602/mo cash flow after a $4,219/mo obligation. Total monthly income equals $6,647/mo, and annual cash flow totals $19,223/yr on $283,598 invested. Return on cash invested prints 26.84% in year one, and rental yield reads 9.25% against a $862,000 entry. Equity gained on principal adds $5,562/yr, while 5% annual appreciation compiles into $238,155 by year five. Five-year ROI reaches 139.52% and total cumulative return in cash sums $395,673. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,647/mo property income covering a $4,219/mo payment, not borrower’s personal income.
Townhouse
Built in 1966
1,240 sqft 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: Ms. Stephanie Cooper • RLAH @properties
Mls Name: Bright MLS
Mls ID: #DCDC2214936