730 24th St NW APT 805, Washington, DC, 20037 | $1,060/mo Cash Flow

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730 24th St NW APT 805, Washington, DC, 20037 | $1,060/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 805, Washington, DC, 20037 earns $1,060/mo cash flow from $3,080/mo rent with a $1,689/mo payment. Total monthly income totals $3,080/mo, and annual cash flow totals $12,724/yr on $114,368 capital. ROI tracks 31.03% on current figures, and rental yield reads 10.71% at a $345,000 purchase. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,317 over five years. Five-year ROI reaches 162.08% and total cumulative return in cash sums $185,368. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,080/mo property income instead of your personal income.

Condo

Built in 1961

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Unit 805 in Potomac Plaza Terraces. This spacious 750 square foot 1bedroom apartment offers an open kitchen with breakfast bar, adjacent large living and dinning area. Enjoy stunning natural light from the East facing floor to ceiling windows. The large balcony has plenty of room to get creative and has a perfect view of the 4th of July fireworks display. With three large closets, youll have all of the space you will need for clothes and storage. There is a coat closet at the entry foyer with room for storage as well as all your coats. The bedroom offers a linen closet and an incredible walk-in closet with tons of shelves and double deck clothes racks on both sides. Building amenities include 24 hour concierge, laundry room (washers and dryers are now permitted in the units), and an amazing roof top lounge area. All utilities are included in the monthly fee. This incredible location has a walk score of 96; 2 blocks from the Foggy Bottom Metro Station,1 block from George Washington University, half a mile from Georgetown with its unbeatable restaurants and shopping, 1 mile from the excitement of DuPont Circle, .2 miles from Whole Foods, and .5 miles from Trader Joes and steps to the Kennedy Center. Garage parking is available for rent. What Made Apt. 805 So Special to Me (A Personal Note from the Owner) Welcome to a hidden gem in the heart of the city. While living in Apt. 805 during my time at GWU, this bright corner unit on the 8th floor became my true home a peaceful escape full of comfort and calm. The private balcony was my favorite spot to relax with a coffee or hot chocolate, join Zoom calls, or watch the 4th of July fireworks. Tucked away at the end of the hall, it always felt safe and serenely quiet. While a resident in PPT, I had the chance to serve on the co-op board and lead the social committee, which gave me a deeper appreciation for just how friendly and diverse the PPT community truly is it was a wonderful way to connect with neighbors and give back. The location truly cant be beat: just steps from the Kennedy Center, Trader Joes, the Georgetown Waterfront, and the bustling Foggy Bottom Metro station. Youre also close to some of D.C.s best Michelin-starred restaurants perfect for a special night out. This home has meant so much to me because it offers the perfect mix of privacy, space, and a peaceful sanctuary in the heart of a vibrant city a rare find in such a great location that I hope youll love just as much as I did. - Madelen S.

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