Extra Wide Row in Petworth, Investment Potential
Check out the Cribline House Pick of the Week, located at 4814 Kansas Avenue NW in Petworth.
This extra wide row house boasts four (4) bedrooms, three and a half (3.5) bathrooms, and nearly 2,300 square feet of livable space in! Additional features include: open living room, dining, and kitchen with a custom wet bar perfect for entertaining on the main level. Master suite with a custom walk-in closet and ensuite bathroom. There is a lower level apartment with a spacious living area, bedroom, bathroom and a rear separated entrance. Professionally landscaped garden, deck, & patio. Half a block from Sherman’s Circle & minutes to the metro & bus lines.
It’s just on the market for $789,900. See how much this will cost in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $789,900 of $157,980, the mortgage amount would be $631,920. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $3,300 per month. If you were to rent out the lower level apartment for $1,000 per month, that would reduce the gross payment to $2,300 per month. After tax deductions, the net payment would be about $2,000 per month.
Happy House Hunting!