DC House Pick of the Week – Live for Free in Renovated 5 Bedroom Steps to Capitol Hill Whole Foods
Check out this renovated 5 bedroom that will be steps to the Whole Foods on Capitol Hill located at 726 8TH St NE.
The main house (about 3,200 sf) features 3 BD, 2.5 BA w/ roofdeck, panoramic views of the Washington Monument. There is an open floorplan living space w/ open floorplan and fireplace. Lower unit is 2 BD, 2.5 BA perfect for rental or Airbnb.
This home is just 2 blocks to forthcoming Whole Foods.
It’s just on the market for $1,075,000. See how much this would cost in the Cribline Math analysis below.
Cribline Math analysis:
With 20 percent down on $1,075,000 of $215,000, the mortgage would be $860,000. At an estimated interest rate of 3.65 percent fixed for 30 years, the gross payment would be about $4,830 per month. If the 2 bedroom unit was rented on Airbnb at $200 a night with an average 25 nights a month, that would bring in revenue of $5,000 a month exceeding the gross mortgage payment.
Happy house hunting!