How can one choose between investing in Bloomingdale or Brookland? What if you could have the best of both worlds? Check out this beautiful four (4) bedroom, two-and-a-half (2.5) bathroom row home on a quiet tree lined block, centrally located at 35 V Street NE on confluence of Bloomingdale/Brookland.
The home, originally built in the 1940’s, features nearly two thousand (2,000) square feet of livable space and boasts modern amenities balanced with original period details. This is a recurring and lovely theme amongst the other homes in the neighborhood. Such features include: extensive remodeling throughout which has resulted with a fantastic in-law suite with separate entrance that can generate major revenue down the line if you were to rent it out; stunning tin ceilings, pocket doors and reclaimed pine floors, capturing the history of the home. Just outside, is your very own cozy, fenced, and manicured backyard with corresponding deck. The charming tree line street you’re based on includes ample parking, although you might not need a car. Walk Score rates this address on the confluence of Bloomingdale/Brookland as a 74.
There is an open house this Sunday, September 10th, 2017, at 1:00PM. Come see for yourself!
It’s just on the market for $765,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $765,000 of $153,000, the mortgage amount would be $612,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $3,650 per month. If you were to rent out the basement apartment for $1,000 per month or net a similar amount in revenue via short term rental service platforms like Airbnb, HomeAway, VBRO or FlipKey, that would reduce the gross payment to $2,650 per month. After tax deductions, the net payment would be about $1,900 per month.
Happy House Hunting on the confluence of Bloomingdale/Brookland!