Cribline DC House Pick of the Week – Live for Free in this Million Dollar Remodeled Row Home in Shaw
Check out this beautiful remodeled rowhome in Shaw located at 31 Q St NW. It’s urban living at its finest.
This three level rowhome features an open concept with high ceilings, maple hardwood floors, built in speakers on the two upper levels, high end appliances in the kitchen, high end bathrooms, 2 washer and dryer sets, a deck and parking.
Upstairs 3bd/2.5ba/ downstairs 1bd/1ba legal apartment potential. Close to the nightlife and Shaw or NoMA metros.
It’s just on the market for $1,100,000. See how much this would cost in the Cribline Math analysis below.
Cribline Math analysis:
With 20 percent down on $1,100,000 of $220,000, the mortgage would be $880,000. At an estimated 3.75 percent interest rate fixed for 30 years, the gross payment would be about $4,990 per month. After tax deductions, the net payment would be about $3,500 per month. If the basement was rented out on Airbnb for 25 days a month at $140 a night, the owner would be living for free.
Happy house hunting!