Compare Listings

500 L St NE, House Pick of the Week

500 L St NE, House Pick of the Week

Check out today’s Cribline House Pick of the Week, a spacious four (4) level, six (6) bedroom, five and a half (5.5) bathroom row home with elevator located at 500 L St NE near the H Street Corridor.

The many features include three (3) secure parking spots, great location near NY/Gallaudet Metro, Union Market and the 100% free H Street Trolley; light filled gourmet eat-in kitchen; separate living/dining/sitting area with balcony; gleaming hardwood floors and finished basement apartment with a 2nd kitchen. two (2) sets of washer/dryers and separate meters so you could easily rent out the lower level unit to a tenant or via HomeShare.

500 L St NE is just on the market for $1,499,999. See how much this will cost per month in the Cribline math analysis below:

Cribline Math Analysis:

With 20 percent down on $4,900,000 of $299,999, the mortgage amount would be $1,200,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $6,500 per month. If you were to rent out the basement apartment to a tenant for $1,000 per month, or net a similar figure on Homeshare via short-term rental websites like Airbnb, HomeAway, VRBO, FlipKey, or Trip Advisor rentals, that would reduce the gross payment to $5,500 per month. After tax deductions, the net payment would be about $4,900 per month. 

Happy House Hunting at 500 L St NE !

Related posts

Georgian Mansion in Spokane May Have Washington DC Twin

Rounding out the Cribline Team's Summer Travel Series in the Pacific Northwest, check out this...

Continue reading

Truxton Circle Studio, Most Affordable House Pick

Check out the Cribline Most Affordable House Pick of the Week, a Truxton Circle Studio...

Continue reading

Price Improvement – 1707 Allison St NW

Check out the Cribline Price Improvement of the Week, located at 1707 Allison St NW in...

Continue reading

Join The Discussion