700 7th St SW APT 110WashingtonDC20024
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
Investment property for sale in Washington at 700 7th St SW APT 110, Washington, DC, 20024 uses $117,683 cash to close to unlock $5,097/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $2,503/mo, and a $1,738/mo payment keeps the spread at $425/mo. Purchase price stands at $355,000, and rental yield measures 8.46% with $2,503/mo rent. Return on cash invested shows 24.24% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 125.63% and total cumulative return in cash records $147,840. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,503/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Condo
Built in 1967
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Veronique Onteniente • TTR Sotheby's International Realty
Mls Name: Bright MLS
Mls ID: #DCDC2231756