1457 Swan Street NW, House Pick of the Week
Check out the Cribline House Pick of the Week located at 1457 Swan St NW in Logan Circle. It’s listed for $1,385,000 and is brand new as of a few hours ago.
This renovated row home boasts three (3) bedrooms, two and a half (2.5) bathrooms, nearly 2,000 square feet of livable space and a legal one (1) bedroom rental unit. The upper level has an open floor plan with 2 bedrooms 1.5 bath and 2 fireplaces, gorgeous hardwood on the main level, soaring ten (10) foot ceilings on main level, plus awesome stainless steel appliances in your very own gourmet kitchen; deck off kitchen leads to backyard with parking for one car. The lower unit is a 1 bedroom with fireplace and c/o. There a deep lot with plenty room for a car here as well.
It’s just on the market for $1,385,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $1,385,000 of $277,000, the mortgage amount would be $1,108,000. At an estimated 4.5 percent interest rate fixed for 30 years the gross payment would be about $6,000 per month. If you were to rent out the basement for $1,000 per month, that would reduce the gross payment to $5,000 per month. After tax deductions, the net payment would be about $4,400 per month.
Happy House Hunting on Swan Street!