Huge Capitol Hill Home Major Airbnb Potential
This huge Capitol Hill home has three (3) levels and major Airbnb potential (or rental potential). It’s located at 1804 Independence Ave SE (Unit B) on Capitol Hill.
It features three (3) bedrooms, three and a half (3.5) baths, plus a huge basement with its own front entrance, wet bar and another full bath! It has also a great and very rare master bedroom suite. Its location, a half block to Metro, makes it very appealing to travelers. Loads of storage throughout! Really unique and not your typical Capitol Hill Home. Secured parking too!
It’s just on the market for $849,900. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $849,900 of $169,980, the mortgage amount would be $679,920. At an estimated 5 percent interest rate fixed for 30 years the gross payment would be about $4,000 per month. If you were to rent out the basement or master bedroom suite on Airbnb for $1,000 per month, that would reduce the gross payment to $3,000 per month. After tax deductions, the net payment would be about $2,600 per month.
Happy House Hunting!