730 24th St NW Unit 500/501WashingtonDC20037
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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
Investment property for sale in Washington at 730 24th St NW Unit 500/501, Washington, DC, 20037 offers a 6.53% rental yield on a $645,000 purchase with $3,509/mo rent. 56% in year one. Equity gained on principal adds $4,162/yr while 5% annual appreciation supports $178,202 over five years. Portfolio math shows five-year ROI at 95.1% and total cumulative return in cash at $201,808. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,509/mo property income against a $3,157/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1961
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,588
Single Family
573
Multi-Family
8,015
Businesses
680
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Listed by: Mika Stroman • TTR Sotheby's International Realty
Mls Name: Bright MLS
Mls ID: #DCDC2240896