Awesome Investment Opportunity, Glover Park, Under $1M!

Awesome Investment Opportunity, Glover Park, Under $1M

Check out this awesome investment opportunity in Glover Park for under $1M! Located at 3751 W. St. NW, this renovated beauty rounds out the Cribline’s House Picks for this first week in August perfectly.

This two-story addition blends formal and casual spaces to create the perfect modern home and features four (4) bedrooms, two-and-a-half (2.5) bathrooms, and twenty-two hundred (2,200) square feet of livable space. It boasts a gourmet kitchen with stainless steel appliances and granite countertops; beautiful gleaming hardwood floors throughout; formal dining room; large living room; spacious family room, which leads to a great rear deck to soak up some sun; Au Pair suite with private entrance and outdoor space; garage, and tons of upgrades and charming woodwork throughout! 

There is an open house this Sunday, August 6, 2017 at 1:00PM. Come check it out for yourself! It’s just on the market for $969,000. See how much this will cost per month in the Cribline math analysis below:

 DC10023108_25_1 DC10023108_1_1 DC10023108_2_1 DC10023108_6_1 DC10023108_7_1 DC10023108_9_1 DC10023108_15_1 DC10023108_18_1 DC10023108_21_1 DC10023108_23_1Cribline Math Analysis:With 20 percent down on $969,000 of $193,800, the mortgage amount would be $775,200. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $4,600 per month. If you were to rent out the basement apartment for $1,000 per month, either to a long-term tenant, or net a similar amount through a series of short-term rentals on Airbnb or HomeAway, that would reduce the gross payment to $3,600 per month.  After tax deductions, the net payment would be about $2,520 per month. 

Good luck finding another awesome investment opportunity in Glover Park for under $1M like this one!

, ,

No comments yet.

Leave a Reply

Leave your opinion here. Please be nice. Your Email address will be kept private.