Cribline DC House Pick of the Week – Live for Free in Columbia Heights 4 Bedroom Wardman Porch Front
Check out this great Columbia Heights rowhome located at 424 LAMONT St. NW.
This move-in ready Wardman home features 4 bedrooms, 3.5 baths and an in-law suite in the basement.
It’s just on the market for $664,000. See how much this would cost in the Cribline Math analysis below.
Cribline Math analysis:
With 20 percent down on $664,000 of about $133,000, the mortgage would be 531,000. At an interest rate of 3.75 percent fixed for 30 years, the gross payment would be about $3,000 per month. After tax deductions, the net payment would be about $2,100 per month. If the in-law suite was rented on Airbnb, the owners could potentially live for free.
Happy house hunting!