Cribline DC House Pick of the Week – Own Remodeled Row Home in LeDroit Park for about $1,900 Per Month
Check out this large 4 story remodeled Victorian row house in LeDroit Park located at 2323 1ST St NW.
With apprx 4000 sq/ft of living space on 4 levels, this home features great finishes. The main floor features an open layout, center staircase, gourmet kitchen, back deck, and high ceilings.
On the other levels, there are 2 Master suites, and 4 additional bedrooms, a roofdeck w/ Capitol view, wet bar, secure parking and and an in-law suite with income potential.
It’s just on the market for $1,479,000. See how much this would cost in the Cribline Math analysis below.
With 20 percent down on $1,479,000 of about $295,000, the mortgage would be about $1,183,000. At an estimated 3.75 percent interest rate fixed for 30 years, the gross payment would be about $6,711 per month. If the in-law suite was rented on Airbnb, that could reduce the gross mortgage payment by about $4,000 a month. After tax deductions, the net payment would be about $1,900 per month.
Happy house hunting!