Hot Investment House of the Week Bloomingdale/LeDroit Park
Check out the Cribline’s Hot Investment-House Pick of the Week, a charming semi-detached Victorian located at 2007 2nd St. NW in Bloomingdale/LeDroit Park.
This four (4) bedroom, three-and-a-half (3.5) bathroom home features: over 2,325 square feet of livable space, a gourmet eat-in kitchen, wooden deck, basement in-law suite (with kitchenette and separate laundry area), gas fireplaces, hardwood floors and central air throughout, and a spacious private back yard, complete with a brick patio, great for barbecues and outdoor entertaining.
There is an open house this Saturday, March 4th, 2017, from 2-4pm and another open house on Sunday, March 5th, 2017, from 2-4pm. It’s just on the market for $889,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $889,000 of $177,800, the mortgage amount would be $711,200. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $$4,220 per month. If you were to rent out the basement apartment for $1,000 per month, that would reduce the gross payment to $3,220 per month. After tax deductions, the net payment would be about $2,250 per month.
Happy House Hunting in Bloomingdale/LeDroit Park!