700 7th St SW APT 716, Washington, DC, 20024 | $927/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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700 7th St SW APT 716, Washington, DC, 20024 | $927/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

Rental property for sale in Washington at 700 7th St SW APT 716, Washington, DC, 20024 generates $2,677/mo in rent and, after a $1,463/mo payment, leaves $927/mo in cash flow. Total monthly income is $2,677/mo, and annual cash flow is $11,130/yr on $99,119 invested. Return on cash invested sits at 31.14% in year one, and rental yield is 10.74% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 162.64% and total cumulative return in cash sums $161,206. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,677/mo property income rather than buyer’s personal income.

Condo

Built in 1967

N/A lot

$N/A/sqft

No HOA

More details about the property

PRICE ADJUSTMENT!Welcome to Town Square Towers, the Southwest Waterfront community's premiere condominium! This lovely building is a classic example of Mid Century Modern architecture, and features a huge elegant lobby, large room proportions, tons of sunlight from huge windows, plenty of closet storage, large balconies, an OUTDOOR POOL, a 24/7 concierge and assigned PARKING in the covered garage! #716 features beautiful parquet floors, an entry foyer, a separate dining area, huge east facing windows flooding the unit with morning sun, a lovely gourmet kitchen with brand new stainless steel appliances (photos show the old appliances), a classic Mid Century bathroom, and a very large balcony with great views of the outdoor pool! The building will allow for the installation of a washer/dryer in the unit! PET FRIENDLY! Town Square Towers is perfectly located in the heart of the Waterfront, just a few blocks from 3 METROS (Waterfront, L'Enfant Plaza and Federal Center), Arena Stage, the Safeway, Audi Field, the water taxi to Georgetown, Alexandria and National Harbor, and all the shopping, dining and world class entertainment of the Wharf! Don't miss out! CONDO FEE INCLUDES ALL UTILITIES! Schedule your appoinment today!

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