922 24th St NW APT 410, Washington, DC, 20037 | 7.93% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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922 24th St NW APT 410, Washington, DC, 20037 | 7.93% Rental Yield | 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

Rental property for sale in Washington at 922 24th St NW APT 410, Washington, DC, 20037 generates $1,652/mo in rent, after a $1,224/mo payment. Total monthly income is $1,652/mo. Return on cash invested sits at 13.46% in year one, and rental yield is 7.93% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 71.18% and total cumulative return in cash sums $58,990. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,652/mo property income rather than buyer’s personal income.

Condo

Built in 1962

128 sqft lot

$N/A/sqft

$600 monthly HOA

More details about the property

Perfect opportunity for investors, young professionals, GWU Medical students, residents, medical staff. The Jefferson House is a luxury building across the street from GWU Hospital and Foggy Bottom Metro, within the GWU campus. Large, spacious, quiet, Junior One Bedroom apartment at the prestigious Jefferson House, with lots of windows, light, and closet space. Steps to Whole Foods and Trader Joe's, and just blocks from IMF, State Department, World Bank, Kennedy Center, and Georgetown. Walk to restaurants, social life, and all amenities of living in downtown, DC. A luxury building with 24/7 front desk service, camera security throughout the building, new washers and dryers, completely renovated lobby and corridors, new elevators, a professional Maintenance Engineer and General Manager on the premises, daily common area cleaning in the building, a large in-ground pool and deck, and more. Condo fee: all utilities included *(except internet, cable, and phone) Fourth floor - No street noise BR space large enough for one queen / two twin beds Full bath Full kitchen w/microwave oven and dishwasher Spacious living room with hardwood flooring Lots and lots of closet space

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