Cribline Washington House Pick of the Week – Live for Free in Renovated Capitol Hill 4 Bedroom
Check out this renovated 4 bedroom 3.5 bath home steps to Potomac Metro on Capitol Hill.
This 1,650 square foot home features an open floor plan, gourmet and stylish kitchen with great cabinets, appliances and amenities.
The master bedroom has a spa-like en suite bath.
There’s also a spacious 1 Bdr In-Law Suite in the basement that would be perfect for Airbnb.
Other features include off-street parking, a deep backyard perfect for entertaining and playing, with a flagstone patio and front porch.
It’s just on the market for $899,000. The owner could live for free! See how in the Cribline Math analysis below.
Cribline Math analysis:
With 20 percent down on $899,000 of about $180,000, the mortgage would be about $720,000. At an interest rate of 3.8 percent fixed for 30 years, the gross payment would be about $4,100 per month. After tax deductions, the net payment would be about $2,900 per month.
Note: If the basement in-law suite was rented on Airbnb, the estimated income could cover the monthly mortgage.
Happy house hunting!