777 7th St NW APT 804, Washington, DC, 20001 | $390/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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777 7th St NW APT 804, Washington, DC, 20001 | $390/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 777 7th St NW APT 804, Washington, DC, 20001 uses $99,447 cash to close to unlock $4,674/yr annual cash flow and $390/mo monthly cash flow. Total monthly income runs $2,145/mo, and a $1,468/mo payment keeps the spread at $390/mo. Purchase price stands at $299,990, and rental yield measures 8.58% with $2,145/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $82,882 over five years. Five-year ROI reaches 127.61% and total cumulative return in cash records $126,909. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,145/mo property income covering a $1,468/mo payment rather than investor’s personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

**PRICE IMPROVEMENT**Why continue renting when you can own your dream home with as little as 3.5% down on a $299,900 property? What are you waiting for?? Introducing the Residences at Gallery Place and this stunning and spacious 1-bedroom, 1-bath condo that embodies the ultimate DC lifestyle. Boasting a large open-concept living and dining area, this light-filled space features expansive windows offering breathtaking views of the Washington Monument and the Smithsonian National Portrait Gallery. The modern kitchen is designed for both functionality and style, complete with elegant maple cabinets, luxurious granite countertops, sleek black appliances, and a convenient breakfast bar. A stacked washer and dryer are discreetly located in the laundry closet at the entrance, ensuring your convenience. Ample storage awaits you in the generous closets, pantry, and hallway linen closet. Enjoy seamless connectivity with YOUR OWN PRIVATE ELEVATOR TO THE LEFT OF YOUR DOOR providing direct access to Clyde's and the side entrance of Capital One Arena. The building offers an array of top-notch amenities, including a 24-hour front desk concierge, an outdoor terrace, green space for pets, a fitness center, a business center, a community room, and convenient bike storage. Plus, parking is available for rent in the garage for your added convenience. Step outside and immerse yourself in the vibrant energy of Gallery Place-Chinatown. The Metro, City Center shopping, and some of the finest restaurants and entertainment that the city has to offer are right at your doorstep at 777 7th St, NW. Dont miss this incredible opportunity to elevate your lifestylemake it yours today!

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