Anacostia Real Estate Investment Opp,<500K
Anacostia real estate is really, really hot right now-and it’ll get even hotter if Amazon’s HQ2 comes to town (see our prediction here) but in the meantime, check out our Cribline Investment House Pick of Week, located at 1724 16th St SE, just a short walk from the Metro!
This home charms you immediately with four (4) spacious bedrooms, three and a half (3.5) bathrooms, and over seventeen hundred (1,700) square feet of livable space, from its welcoming front porch to its awesome and deep back yard.
You enter into a formal living room that leads to a gourmet kitchen with quartz counter tops, stainless steel apps, and a waterfall breakfast bar. Enjoy enhanced extra living space with a bonus room off the kitchen with adjoining powder room. The upper level has master bedroom suite with en suite bath and two additional bedrooms with shared hall bath. There is a finished lower level apartment with a bedroom, den, bathroom and recreation room that could serve as an au pair suite for a growing family or produce some extra rental income. The back yard is perfect for entertaining and there is secure parking. Its location boasts a respectable Walk Score of 83! RedFin is hosting an open house this weekend, February 11, 2018, from 1:00PM-4:00PM.
Now is the time to purchase Anacostia real estate. This home is just on the market for $499,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $499,000 of $99,980, the mortgage amount would be $399,200. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $2,500 per month. If you were to rent out the basement apartment for $500 per month, or net a similar amount on HomeSharing Applications like Airbnb, HomeAway, FlipKey or VBRO- that would reduce the gross payment to $2,000 per month. After tax deductions, the net payment would be about $1,400 per month.
Happy House Hunting for Anacostia real estate!