922 24th St NW APT 104WashingtonDC20037
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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 922 24th St NW APT 104, Washington, DC, 20037 generates $2,868/mo in rent and, after a $1,708/mo payment, leaves $826/mo in cash flow. Total monthly income is $2,868/mo, and annual cash flow is $9,906/yr on $115,694 invested. Return on cash invested sits at 28.47% in year one, and rental yield is 9.86% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 148.32% and total cumulative return in cash sums $171,600. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,868/mo property income rather than buyer’s personal income.
Condo
Built in 1962
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: Anslie Stokes Milligan • Corcoran McEnearney
Mls Name: Bright MLS
Mls ID: #DCDC2239996