700 7th St SW APT 516, Washington, DC, 20024 | $1,067/mo Cash Flow

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700 7th St SW APT 516, Washington, DC, 20024 | $1,067/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 700 7th St SW APT 516, Washington, DC, 20024 earns $1,067/mo cash flow from $2,677/mo rent with a $1,346/mo payment. Total monthly income totals $2,677/mo, and annual cash flow totals $12,810/yr on $91,163 capital. ROI tracks 33.96% on current figures, and rental yield reads 11.68% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 177.78% and total cumulative return in cash sums $162,071. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,677/mo property income instead of your personal income.

Condo

Built in 1967

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover the finest of city living at Town Square Towers in the heart of DC's dynamic Distric Wharf! 2 BLOCKS TO THE WATERFRONT! Take advantage of a fantastic opportunity to buy at a great price and create your own ideal living space with a little TLC. ALL UTILITIES INCLUDED in condo fee and a PET-FRIENDLY building with 24-HOUR CONCIERGE service, with a friendly and helpful staff. The location is absolutely unbeatable, NEAR 3 METROS (Waterfront, L'Enfant & Federal Center), with all the excitement of the Wharf, world class dining, shopping and entertainment, vibrant night life and year-around waterfront events. Sports and music events are nearby at Nationals Park or Audi FIeld; and enjoy all the Smithsonian exhibitions and events at the National Mall. Town Square Towers amenities include oncierge and package service, fitness center, sauna, large OUTDOOR POOL, and on-site and professional management. Parking is available to rent or to purchase. Washers permissible in units. Steps away to the Arena Stage, The Anthem. A few blocks to 3 metros! Take water taxi to Alexandria, Georgetown or National Harbor. Truly one of DC's most vibrant districts!

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