Tudor Style Row House Investment in Brookland
Originally built in 1925, this semi-detached five (5) bedroom, three and a half (3.5) bathroom row home boasts nearly 3,000 square feet of livable space and features five light-drenched levels of living space, original hardwood floors, renovated kitchen/bath, in-law suite, garage, brick fireplace, covered front porch. Quiet neighborhood charm and grand living that puts you just footsteps away from 12th Street bars and restaurants, Metro, and more. There is an open house this Sunday May 13 from 1:00PM-4:00PM.
It’s just on the market for $939,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $939,000 of $187,800, the mortgage amount would be $751,800. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $4,000 per month. If you were to rent out the basement apartment for $1,000 per month, that would reduce the gross payment to $3,000 per month. After tax deductions, the net payment would be about $2,750 per month.
Happy House Hunting!