824 18th St NE #7, Washington, DC, 20002 | $296/mo Cash Flow

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824 18th St NE #7, Washington, DC, 20002 | $296/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 824 18th St NE #7, Washington, DC, 20002 listed at $172,000 pairs $1,303/mo rent with a $842/mo payment to leave $296/mo cash flow. Total monthly income runs $1,303/mo, and annual cash flow reaches $3,554/yr on $57,018 cash to close. Return on cash invested measures 26.14% in year one, and rental yield registers 9.09% at a $172,000 basis. Equity gained on principal adds $1,110/yr, and annual property appreciation at 5% supports $47,520 by year five. Five-year ROI tracks 135.92% and total cumulative return in cash totals $77,497. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,303/mo property income relative to a $842/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

More details about the property

Welcome to 824 18th, where luxury living is redefined with newly upgraded lobbies and enticing pricing! Situated just minutes from the vibrant H-street Corridor, our exceptional luxury condo building promises an elevated lifestyle experience. Each residence at EIGHT24 is a testament to impeccable style, boasting spacious layouts and luxurious amenities crafted to enhance your day-to-day living. Thoughtfully designed with dedicated areas for work, school, and entertainment, our residences cater to your every need. Step into unit 202/#7, a sleek and modern studio layout featuring recessed lighting and quartz countertops. Equipped with high-quality Blomberg and Frigidaire appliances, the kitchen is both elegant and functional. With low condo fees, included parking, and a Certificate of Occupancy already secured, worry-free living is guaranteed at EIGHT24. Explore the convenience of nearby amenities such as Safeway, Starbucks, and Aldi, all within a leisurely ten-minute walk. And with a plethora of outstanding restaurants and exciting nightlife options just blocks away, embracing urban living has never been more enticing. Hop onto the streetcar and discover the extraordinary living experience awaiting you at EIGHT24 today.

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