922 24th St NW APT 115, Washington, DC, 20037 | $1,051/mo Cash Flow

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922 24th St NW APT 115, Washington, DC, 20037 | $1,051/mo Cash Flow | Ziffy

Off market

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 922 24th St NW APT 115, Washington, DC, 20037 listed at $239,200 pairs $2,557/mo rent with a $1,171/mo payment to leave $1,051/mo cash flow. Total monthly income runs $2,557/mo, and annual cash flow reaches $12,616/yr on $79,295 cash to close. Return on cash invested measures 35.82% in year one, and rental yield registers 12.83% at a $239,200 basis. Equity gained on principal adds $1,544/yr, and annual property appreciation at 5% supports $66,087 by year five. Five-year ROI tracks 188.32% and total cumulative return in cash totals $149,331. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,557/mo property income relative to a $1,171/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1962

147 sqft lot

$N/A/sqft

$51 monthly HOA

More details about the property

Great location! The unit number is 115 but the apartment is located on the 2nd floor of the Jefferson House, one floor above the lobby level. This is a very large studio - almost 500 sq Ft. It is on the East side facing 24th Street. Notice how much furniture fits in the space with extra room to move around or pair it down according to your lifestyle needs. The apartment has an updated kitchen and ample closets and a wall of windows that provide lots of natural light. The flooring is only a year old. The Jefferson House is behind the GW Hospital and GW Medical School and the Foggy Bottom Metro. The Building with 24hr front desk, outdoor pool, and laundry room on the first floor. Utilities are included in the monthly condo fees. One block to Whole Foods and Restaurants, The Kennedy Center, State Dept, and World Bank are close by. Georgetown's shopping and Restaurants are a few blocks away and also accessible by the Circulator Bus, which also takes you Downtown. The walk score for this building is 98.

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