Promising Investment Potential in Brookland! - The Cribline

Promising Investment Potential in Brookland!

Rounding out the last week of September 2017, check out this gorgeous renovation of a classic row home located at 2707 6th St. NE in Brookland with promising investment potential, for today’s Cribline House Pick of the Week. 

It features four (4) bedrooms, three-and-a-half (3.5) bathrooms and nearly two thousand (2,000) square feet of livable space. Its upgrades include: brand new windows, doors, roof, HVAC unit, wide-planked hardwood floors, gourmet kitchen with high-end Bosch stainless steel appliances, master ensuite bathroom with marble tile, beautiful exposed brick surfaces, soaring nine (9′) foot ceilings and custom crown molding. A fully finished basement apartment with separate entrance, full bath, kitchenette, wet bar, deck, and secure parking for at least two (2) cars offers promising investment potential. Solid Walk Score of 78 as well.

It’s just on the market for $789,900. See how much this will cost per month in the Cribline math analysis below:

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Cribline Math Analysis:

With 20 percent down on $789,900 of $157,980, the mortgage amount would be $631,920. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $3,800 per month.  If you were to rent out the basement for $800 per month, that would reduce the gross payment to $3,000 per month.  After tax deductions, the net payment would be about $2,300 per month. 

Happy Hunting for Promising Investment Potential!

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