948 Eastern Ave NE APT 3WashingtonDC20019
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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 948 Eastern Ave NE APT 3, Washington, DC, 20019 listed at $115,000 pairs $899/mo rent with a $563/mo payment to leave $226/mo cash flow. Total monthly income runs $899/mo, and annual cash flow reaches $2,709/yr on $38,123 cash to close. Return on cash invested measures 27.02% in year one, and rental yield registers 9.38% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 140.54% and total cumulative return in cash totals $53,577. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $899/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1955
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20019, Washington, DC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,567 (100%) |
| Owner Occupied HU | 9,325 (33.8%) |
| Renter Occupied HU | 15,092 (54.7%) |
| Vacant Housing Units | 3,150 (11.4%) |
| Median Home Value | $430,881 |
| Average Home Value | $476,715 |
Housing Distribution
Address Breakdown
Residential
24,046
Single Family
14,366
Multi-Family
9,680
Businesses
515
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Listed by: Courtney Carter • Coldwell Banker Realty - Washington
Mls Name: Bright MLS
Mls ID: #DCDC2184522