929 Florida Ave NW APT 4008WashingtonDC20001
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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 929 Florida Ave NW APT 4008, Washington, DC, 20001 listed at $614,000 pairs $3,626/mo rent with a $3,005/mo payment to leave $33/mo cash flow. Total monthly income runs $3,626/mo, and annual cash flow reaches $391/yr on $202,006 cash to close. Return on cash invested measures 20.25% in year one, and rental yield registers 7.09% at a $614,000 basis. Equity gained on principal adds $3,962/yr, and annual property appreciation at 5% supports $169,637 by year five. Five-year ROI tracks 104.21% and total cumulative return in cash totals $210,519. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,626/mo property income relative to a $3,005/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20001, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,258 (100%) |
| Owner Occupied HU | 7,610 (24.3%) |
| Renter Occupied HU | 19,069 (61.0%) |
| Vacant Housing Units | 4,579 (14.6%) |
| Median Home Value | $858,542 |
| Average Home Value | $926,439 |
Housing Distribution
Address Breakdown
Residential
29,069
Single Family
8,083
Multi-Family
20,986
Businesses
1,943
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Listed by: Charles Cornell • Compass
Mls Name: Bright MLS
Mls ID: #DCDC2233494