824 18th St NE #304WashingtonDC20002
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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 824 18th St NE #304, Washington, DC, 20002 listed at $445,000 pairs $3,565/mo rent with a $2,178/mo payment to leave $961/mo cash flow. Total monthly income runs $3,565/mo, and annual cash flow reaches $11,526/yr on $147,518 cash to close. Return on cash invested measures 27.72% in year one, and rental yield registers 9.61% at a $445,000 basis. Equity gained on principal adds $2,872/yr, and annual property appreciation at 5% supports $122,945 by year five. Five-year ROI tracks 144.31% and total cumulative return in cash totals $212,888. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,565/mo property income relative to a $2,178/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20002, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45,543 (100%) |
| Owner Occupied HU | 12,288 (27.0%) |
| Renter Occupied HU | 26,295 (57.7%) |
| Vacant Housing Units | 6,960 (15.3%) |
| Median Home Value | $826,456 |
| Average Home Value | $892,956 |
Housing Distribution
Address Breakdown
Residential
43,009
Single Family
18,248
Multi-Family
24,761
Businesses
1,755
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Listed by: Dave Park • TTR Sotheby's International Realty
Mls Name: Bright MLS
Mls ID: #DCDC2229172