Cap Hill Federal Style, Slam Dunk Investment Property
Check out the Cribline’s Investment House Pick of the Week, located at 1113 D St. SE, in the heart of Capitol Hill’s historic district.
Originally built in 1922, this two (2) bedroom, three-and-a-half (3.5) bathroom federal style home boasts over fourteen hundred (1,400) square feet of livable space and features: soaring twenty (20) foot ceilings; beautiful hardwood flooring; a command-central remodeled gourmet kitchen; breakfast nooks; fantastic outdoor space for entertaining; secure parking for two (2) cars, and a basement apartment with its own entrance. Its proximity to Eastern Market public transportation, shopping, and dining, makes this a must-see. There is an open house this Saturday, May 20, 2017, from 9:30AM to 10:30AM and another on Sunday, May 21, 2017, from 1:00-3:00PM.
It’s just on the market for $1,088,500. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $1,088,500 of $217,700, the mortgage amount would be $870,800. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $5,200 per month. If you were to rent out an extra bedroom for 1,200 per month, that would reduce the cost to about $4,000 per month. After tax deductions, the net payment would be about $2,800 per month. Happy Cap Hill House Hunting!