Luxury House Pick, 526 6th St SE, $1.8M
Check out the Cribline Luxury House Pick of the Week, located at 526 6th St SE in the heart of Capitol Hill! Originally built in 1900, this row house features nearly 4,000 square feet of livable space, three (3) bedrooms, three and a half (3.5) bathrooms, and an in-ground swimming pool for $1.8M!
The heart of this home is the two (2) story atrium, open kitchen with large island, dining space and adjacent study. The spacious living room with fireplace opens to a vast patio with the fantastic pool. The master bedroom suite has been completely renovated recently and down below, you have your very own home office with separate entrance OR a potential rental income revenue stream. Its Cap Hill location boasts a Walk Score of 93!
526 6th St SE is just on the market for $1,800,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $1,800,000 of $360,000, the mortgage amount would be $1,440,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $7,500 per month. If you were to rent out the basement for $1,000 per month, or net a similar figure on Airbnb, HomeAway, VRBO, or FlipKey- that would reduce the gross payment to $6,500 per month. After tax deductions, the net payment would be about $5,000 per month.
Happy House Hunting on Cap Hill!