730 24th St NW APT 503, Washington, DC, 20037 | $372/mo Cash Flow

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730 24th St NW APT 503, Washington, DC, 20037 | $372/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 730 24th St NW APT 503, Washington, DC, 20037 generates $2,216/mo in rent and, after a $1,542/mo payment, leaves $372/mo in cash flow. Total monthly income is $2,216/mo, and annual cash flow is $4,465/yr on $104,423 invested. Return on cash invested sits at 24.19% in year one, and rental yield is 8.44% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 125.38% and total cumulative return in cash sums $130,925. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,216/mo property income rather than buyer’s personal income.

Condo

Built in 1961

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to 730 24th street NW #503, a light-filled and beautifully updated one bedroom, one bath condo with dedicated garage parking at Potomac Plaza Terraces in the heart of Foggy Bottom. Step into this 746 sq/ft condo and marvel at the thoughtfully updated kitchen with stainless steel appliances, ample countertop space, a beautiful backsplash and a large peninsula. Just beyond is an expansive living room space that leads to a large balcony with western exposure. A generous sized bedroom awaits with an oversized walk-in closet. The updated bathroom is accessible through the bedroom and through the common space. The amenity rich building boasts 24-hour concierge and a rooftop terrace. Monthly fee includes ALL utilities, taxes, storage and guest parking. Conveniently located just minutes from the Kennedy Center and George Washington University/Hospital. Don't miss this amazing opportunity!

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