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Cribline Investment House Pick, 2 Bdr Condo in Cathedral Hghts

Cribline Investment House Pick, 2 Bdr Condo in Cathedral Hghts

Check out the Cribline’s Investment House Pick of the Week, a stunning ground level condo, located at 3010 Wisconsin Avenue NW #102 in Cathedral Heights.

This two (2) bedroom, two (2) bathroom unit boasts an open floor plan with custom finishes including: porcelain tile flooring; exposed brick walls; gourmet kitchen with quartz countertops, stainless steel appliances, oak hand-crafted shelving, and soft-close cabinetry; reclaimed barn wood door; spa-like bathrooms with Penny tile; spacious custom closets; and secure parking for one (1) car included in pricing.

The eight hundred and fifty (850) square feet of space is ideal for entertaining and offers guests sweeping views of the Cathedral. There is an open house this Sunday, April 23, 2017, from 2-4PM. Come check it out!

It’s just on the market for $579,900. See how much this will cost per month in the Cribline math analysis below: 

Investment House Pick DC9915167_1_0 DC9915167_2_0 DC9915167_3_0 DC9915167_6_0 DC9915167_8_0 DC9915167_10_0 DC9915167_12_0 DC9915167_14_0 DC9915167_16_0 DC9915167_18_0 DC9915167_20_0 DC9915167_21_0 DC9915167_22_0 DC9915167_23_0 DC9915167_24_0 DC9915167_25_0 DC9915167_26_0

Cribline Math Analysis:

With 20 percent down on $579,900 of $115,980, the mortgage amount would be $463,920. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $2,785 per month. If you were to rent out a bedroom slip for $1,000 per month, that would reduce the gross payment to $1,785 per month. After tax deductions, the net payment would be about $1,250 per month. Home Owners Association fees run approximately $542 per month.

Happy House Hunting in Cathedral Heights!

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