Gorgeous Contemporary Cap Hill Residence, $1.75M
Check out this gorgeous contemporary Cap Hill residence with expansive first floor two (2) bedroom rentable apartment, located at 133 11th St SE on the Hill, just listed for $1.75M.
The home boasts, six (6) bedrooms, three and a half (3.5) bathrooms and nearly 3,300 square feet of livable space. Of the six (6) bedrooms, two (2) are on the first floor and are completely legal and rentable. The rental apartment has fireplace and separate entrance. The magnificent 2nd & 3rd floors boast another four (4) bedrooms and two and a half (2.5) bathrooms and include multiple balconies; incredible entertaining space; octagonal separate dining room; eat-in kitchen with family room with wall of glass overlooking divine swimming pool! This place has it all: glorious light, high ceilings, garage parking- steps to Lincoln Park, Eastern Market, Stadium Armory Metro, and of course Congress! Check it out. It even has a Walk Score of 90.
It’s just on the market for $1,795,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $1,795,000 of $359,000, the mortgage amount would be $1,436,000. At an estimated 4.5 percent interest rate fixed for 30 years the gross payment would be about $7,600 per month. If you were to rent out the two (2) bedroom apartment for $2,000 per month, that would reduce the gross payment to $5,600 per month. After tax deductions, the net payment would be about $5,000 per month.
Happy House Hunting!