Artistic Wardman, Col Heights, $1,800 per Month!
Located at 595 Columbia Rd. NW, this updated artistic Wardman rounds out our Cribline- Affordable House Pick of the Week, for the first week of August 2017.
An artistically accented oasis in Columbia Heights, featuring three (3) bedrooms, two-and-a-half (2.5) bathrooms, and nearly eighteen hundred (1,800+) square feet of livable space, also boasts beautiful hardwood floors; rustic slate tile inlays; glass tile accents; freshly renovated upper-level kitchen; local artist mural; in-law suite, providing the potential for additional revenue streams; and a semi-finished attic space for possible expansion down the line; and tons of storage space. Step outside to a large patio, shed, and secure parking for at least two (2) cars.
This artistic Wardman’s Columbia Heights address, with a Walk Score of 85+, offers easy access to Washington Hospital Center, Children’s Hospital, Howard University, and the Columbia Heights and U Street Metro stations.
It’s just on the market for $740,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $740,000 of $148,000, the mortgage amount would be $592,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $3,550 per month. If you were to rent out the in-law suite for approximately $1000 per month, that would reduce the gross payment to $2,550. After tax deductions, the net payment would be about $1,800 per month.
Happy Artistic Wardman House Hunting in Columbia Heights!