Cribline Washington Luxury House of the Week – Renovated 4 Bedroom 3.5 Bath in LeDroit Park with Rental Unit
Check out this newly renovated 4BR/3.5BA LeDroit Park home w/ LEGAL RENTAL UNIT located at 1850 3RD St NW.
This home features high ceilings, sun-soaked rooms, exposed brick and heart pine floors. There are also 2 working fireplaces, a great floor plan, huge dining room and chef’s kitchen featuring granite & SS appliances.
There’s a large master suite master bath. Added amenities include a [rivate patio, balcony & backyard w/ secure parking.
It’s just on the market for $1,249,900. See how much this would cost in the Cribline Math analysis below:
Cribline Math analysis:
With 20 percent down on $1,249.900 of about $250,000, the mortgage would be about $1,000,000. At an estimated 3.5 percent interest rate fixed for 30 years, the gross payment would be about $5,535 per month. With income from the rental unit estimated at $2,000 per month, the gross payment would be reduced to $3,535 per month. After tax deductions, the net payment would be about $2,475 per month.
Happy luxury house hunting!