Mount Vernon Triangle- Investment House Pick
Check out another Cribline Investment House Pick of the Week, located at 437 New York Avenue NW #424, in the center of Mount Vernon Triangle for $505,000.
This chic one (1) bedroom, one (1) bathrooms corner unit condo is in the coveted Yale Steam Laundry and boasts gorgeous hardwood floors, sweeping city views; gourmet kitchen with stainless steel appliances, moveable island; open floor plan; private balcony; 24 hr fitness center, rooftop pool, 24 hr concierge, billiards and assigned garage parking is included in the price. Its location, blocks to 24 hr Safeway, Capital One Arena, and several Metros has it coming in with a Walk Score 97!
It’s just on the market for $505,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $505,000 of $101,000, the mortgage amount would be $404,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $2,900 per month. After tax deductions, the net payment would be about $2,050 per month.
Happy House Hunting in Mount Vernon Triangle!