706 L St SEWashingtonDC20003
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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 706 L St SE, Washington, DC, 20003 priced at $835,000 converts $3,540/mo rent into after a $4,087/mo obligation. Total monthly income equals $3,540/mo. Return on cash invested prints 14.18% in year one, and rental yield reads 5.09% against a $835,000 entry. Equity gained on principal adds $5,388/yr, while 5% annual appreciation compiles into $230,695 by year five. Five-year ROI reaches 71.61% and total cumulative return in cash sums $196,732. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,540/mo property income covering a $4,087/mo payment, not borrower’s personal income.
Townhouse
Built in 2004
800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20003, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,121 (100%) |
| Owner Occupied HU | 6,629 (25.4%) |
| Renter Occupied HU | 15,625 (59.8%) |
| Vacant Housing Units | 3,867 (14.8%) |
| Median Home Value | $959,664 |
| Average Home Value | $1,046,138 |
Housing Distribution
Address Breakdown
Residential
25,270
Single Family
9,011
Multi-Family
16,259
Businesses
1,508
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Listed by: Jennifer Touchette • Compass
Mls Name: Bright MLS
Mls ID: #DCDC2240034