Ugh! Summer is winding down, but there is still some good news on the horizon real-estate-wise, especially if you want to look across the River. Check out this top of the line renovation by Dilan Investments, located at 1466 Congress Pl. SE in SE Washington’s, Randle Heights.
This two (2) bedroom, two-and-a-half (2.5) bathroom, Randle Heights home boasts nearly twelve hundred- fifty (1,250) square feet of livable space; an open floor plan with all new systems; gourmet dream kitchen w Calacatta counter tops and stainless-steel GE appliances; beautiful hardwood floors on two (2) levels; spa-like bathrooms; fantastic fenced-in back yard with deck; basement apartment with wine-fridge; and of course, location, location, location! Walk Scored at 72, it’s easy to get around day-to-day life without a car here. Easy walk to Cap Heights metro, and if you do feel the need to have your car, the added incentive is you’re close to the Maryland line and I-295S.
It’s just on the market for $319,900. See how much this will cost in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $319,000 of $63,800, the mortgage amount would be $255,200. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $1,600 per month. If you were to rent out the basement apartment to someone for a nominal $600 per month, that would reduce the gross payment to $1,000 per month. After tax deductions, the net payment would be about $725 per month. Are we in Washington D.C. anymore???
Happy House Hunting in Randle Heights!