718 Park Rd NW APT 6, Washington, DC, 20010 | $697/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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718 Park Rd NW APT 6, Washington, DC, 20010 | $697/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 718 Park Rd NW APT 6, Washington, DC, 20010 uses $131,606 cash to close to unlock $8,358/yr annual cash flow and $697/mo monthly cash flow. Total monthly income runs $3,020/mo, and a $1,943/mo payment keeps the spread at $697/mo. Purchase price stands at $397,000, and rental yield measures 9.13% with $3,020/mo rent. Return on cash invested shows 26.26% in year one, and 5% annual appreciation builds toward $109,684 over five years. Five-year ROI reaches 136.47% and total cumulative return in cash records $179,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,020/mo property income covering a $1,943/mo payment rather than investor’s personal income.

Condo

Built in 1950

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Unit 6 at 718 Park Rd NW, a bright and inviting 2-bedroom, 1-bath condo with 707 sq ft of thoughtfully designed living space. This home features hardwood floors, recessed lighting, a Nest thermostat, and in-unit laundry. The efficient kitchen offers gas cooking, stainless steel appliances, and open shelving that maximizes style and function. Recent updates include a new garbage disposal (2025), HVAC (2024), water heater (2023), and washer/dryer (2022). Both bedrooms are filled with natural light and include custom closets, while the bathroom boasts an extra-wide vanity. The building is about half owner-occupied and generally does not allow rentals during the first year of ownership. Located just steps from Columbia Heights and Petworth Metros, Target, grocery stores, coffee shops, and restaurants, this condo delivers the best of city living with a low monthly condo feea fantastic opportunity for first-time buyers or downsizers.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20010, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,885 (100%)
Owner Occupied HU	4,717 (31.7%)
Renter Occupied HU	9,131 (61.3%)
Vacant Housing Units	1,037 ( 7.0%)
Median Home Value	$876,050
Average Home Value	$937,564