Cribline DC Hot Home of the Week – Live for Free in Columbia Heights 3 Level
Have a look at this gorgeous and well appointed 3-level home in Columbia Heights located at 1018 PARK Rd NW.
This 4 bedroom, 2.5 bath home features formal living and dining rooms, marble counters in updated kitchen and Waterworks baths. There are also rare original pocket doors with hardware. Other highlights include: exposed brick, skylights, good closets, full walk-out lower level, wonderful limestone, fireplaces, Space-Pak AC, recessed lghting, balconies, professional landscaping with koi pond, patio and parking. This home is steps to great restaurants and shopping.
The lower level would be perfect for Airbnb and the income could offset the mortgage significantly.
This home is just on the market for $899,900. See how much this would cost in the Cribline Math analysis below.
Cribline Math analysis:
With 20 percent down on $899,900 of about $180,000, the mortgage would be about $720,000. At an estimated 3.75 percent interest rate fixed for 30 years, the gross payment would be about $4,085 per month. If the lower level was listed on Airbnb, that could generate about $4,000 per month, allowing the owner to live for free.
Happy house hunting and know that real estate can be affordable!