700 7th St SW APT 608WashingtonDC20024
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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
Rental property for sale in Washington at 700 7th St SW APT 608, Washington, DC, 20024 generates $3,455/mo in rent and, after a $1,835/mo payment, leaves $1,261/mo in cash flow. Total monthly income is $3,455/mo, and annual cash flow is $15,127/yr on $124,313 invested. Return on cash invested sits at 32.08% in year one, and rental yield is 11.06% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 167.67% and total cumulative return in cash sums $208,431. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,455/mo property income rather than buyer’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
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Listed by: Evelyn Lugo • Compass
Mls Name: Bright MLS
Mls ID: #DCDC2216410