730 24th St NW APT 321, Washington, DC, 20037 | $268/mo Cash Flow

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730 24th St NW APT 321, Washington, DC, 20037 | $268/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 730 24th St NW APT 321, Washington, DC, 20037 listed at $290,000 pairs $1,965/mo rent with a $1,419/mo payment to leave $268/mo cash flow. Total monthly income runs $1,965/mo, and annual cash flow reaches $3,217/yr on $96,135 cash to close. Return on cash invested measures 23.26% in year one, and rental yield registers 8.13% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 120.4% and total cumulative return in cash totals $115,744. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,965/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1961

N/A lot

$N/A/sqft

No HOA

More details about the property

In the heart of Foggy Bottom, this move-in-ready freshly painted and updated one-bedroom apartment in the popular Potomac Plaza Terraces Coop offers excellent space, light, comfort and convenience. Garage parking space may be available for purchase. The spacious entryway leads to an open-concept living, dining and kitchen space with cherry hardwood floors. Oversized sliding doors open to a large balcony looking out to peaceful green space. The newly updated kitchen has stainless steel appliances, granite countertops and spacious wood cabinets. A BRAND NEW Gas Oven Range, Microwave Oven and Dishwasher compliment the large French-door style refrigerator. The kitchen design also accommodates a breakfast bar. No compromises are necessary with the newly renovated bathroom. It includes all new fixtures, tile work and updated plumbing. This new full bathroom is bright spotless and welcoming. An in-unit washer/dryer is allowed with coop approval and in accord with coop guidelines for installation. Easy access to a large communal laundry room is available to on the lower level. The king-sized bedroom features refurbished, gleaming hardwood parquet floors and ample closet space. A large window also brings in plenty of natural light. Amenities in the pet-friendly building include a 24-hour front desk, laundry facilities, a wonderful rooftop terrace with excellent city views. The location is convenient to GW University Hospital, the Foggy Bottom Metro Station, the Kennedy Center and the State Department. Also close by are grocery markets, including Whole Foods and Trader Joes, popular eateries, and the Rock Creek Hiking-Biking Trail. Capture this opportunity to live here where you find city living is at its best.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20037, Washington, DC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,694 (100%)
Owner Occupied HU	2,548 (23.8%)
Renter Occupied HU	6,452 (60.3%)
Vacant Housing Units	1,694 (15.8%)
Median Home Value	$978,316
Average Home Value	$1,152,383