731 Fairmont St NW FLOOR 2WashingtonDC20001
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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
Rental property for sale in Washington at 731 Fairmont St NW FLOOR 2, Washington, DC, 20001 offers $5,566/mo rent that, after a $3,911/mo payment, leaves $889/mo cash flow. Total monthly income is $5,566/mo, and annual cash flow is $10,671/yr on $262,871 cash. Return on cash invested measures 24.12% in year one, and rental yield stands at 8.36% at a $799,000 entry. Equity gained on principal adds $5,156/yr while 5% annual appreciation compounds into $220,749 by year five. Five-year ROI records 124.95% and total cumulative return in cash reaches $328,458. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,566/mo property income versus a $3,911/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1909
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20001, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,258 (100%) |
| Owner Occupied HU | 7,610 (24.3%) |
| Renter Occupied HU | 19,069 (61.0%) |
| Vacant Housing Units | 4,579 (14.6%) |
| Median Home Value | $858,542 |
| Average Home Value | $926,439 |
Housing Distribution
Address Breakdown
Residential
29,069
Single Family
8,083
Multi-Family
20,986
Businesses
1,943
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Listed by: Jack Shorb • Corcoran McEnearney
Mls Name: Bright MLS
Mls ID: #DCDC2232074