628 3rd St SW #115WashingtonDC20024
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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 628 3rd St SW #115, Washington, DC, 20024 offers a 7.94% rental yield on a $729,000 purchase with $4,823/mo rent. Total monthly income registers $4,823/mo, and a $3,568/mo payment leaves $556/mo available for distribution. Annual cash flow reaches $6,676/yr on $239,841 to close, and return on cash invested stands at 22.84% in year one. Equity gained on principal adds $4,704/yr while 5% annual appreciation supports $201,409 over five years. Portfolio math shows five-year ROI at 118.11% and total cumulative return in cash at $283,284. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,823/mo property income against a $3,568/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1961
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: John Mentis • Long & Foster Real Estate, Inc.
Mls Name: Long & Foster Broker Feed
Mls ID: #DCDC2228228