Cap Hill Federal Style Investment Property, Eastern Market

Cap Hill Federal Style, Slam Dunk Investment Property

Cribline Investment House pIck

Check out the Cribline’s Investment House Pick of the Week, located at 1113 D St. SE, in the heart of Capitol Hill’s historic district.

Originally built in 1922, this two (2) bedroom, three-and-a-half (3.5) bathroom federal style home boasts over fourteen hundred (1,400) square feet of livable space and features: soaring twenty (20) foot ceilings; beautiful hardwood flooring; a command-central remodeled gourmet kitchen; breakfast nooks; fantastic outdoor space for entertaining; secure parking for two (2) cars, and a basement apartment with its own entrance. Its proximity to Eastern Market public transportation, shopping, and dining, makes this a must-see. There is an open house this Saturday, May 20, 2017, from 9:30AM to 10:30AM and another on Sunday, May 21, 2017, from 1:00-3:00PM.

It’s just on the market for $1,088,500. 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 $1,088,500 of $217,700, the mortgage amount would be $870,800. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $5,200 per month. If you were to rent out an extra bedroom for 1,200 per month, that would reduce the cost to about $4,000 per month. After tax deductions, the net payment would be about $2,800 per month. Happy Cap Hill House Hunting!

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