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923 G St SE, Barracks Row Affordability

  • January 8, 2018
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923 G St SE, Barracks Row Affordability

Check out this open and charming home located at 923 G St. SE, just a block from 8th street’s Barracks Row, an iconic commercial and historic hub on Capitol Hill with Michelin rated restaurants, bars, and dining!

Originally built in 1900, this lovely home won’t stay on the market long; it boasts two (2) bedrooms, one (1) bathroom and features hardwood floors; two (2) stories; a spacious kitchen; original fireplace; charming courtyard patio; large bedrooms; and a gorgeous remodeled bathroom with enviable amounts of storage.

This home is an easy stroll to Eastern Market, Trader Joe’s, Eastern Market Metro, and of course, all the shops and dining Barracks Row offers! It has a Walk Score of 96, plus it’s also only eight (8) blocks from the U.S. Capitol for any of you Hill staffers! Buying in this area is a good idea for anybody though. Barracks Row Main Street was chartered by the National Trust for Historic Preservation’s Main Street program in 1999. The Trust’s Main Street program is a coast-to-coast movement of over 1,200 State, regional, and local programs linked through preservation based strategies for revitalizing struggling commercial areas.

It’s our Cribline Most Affordable House Pick of the Week and it’s just on the market for $775,000. See how much this will cost per month in the Cribline math analysis below:

Barracks Row Affordability DC10129747_1_0 DC10129747_5_0 DC10129747_8_0 DC10129747_10_0 DC10129747_14_0

Cribline Math Analysis:

With 20 percent down on $775,000 of $155,000, the mortgage amount would be $620,000.  At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $3,700 per month. If you were to rent out a bedroom for a few nights a month on HomeSharing platforms like Airbnb, HomeAway, VBRO, FlipKey, or TripAdvisor Rentals, you could easily net $1,000 per month, that would reduce the gross payment to $2,700 per month. After tax deductions, the net payment would be about $1,900 per month. 

Happy House Hunting on Barracks Row!

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