Washington House Pick of the Week – Own Rare 4 Story Row Home on Lincoln Park for $1,495 Per Month
Check out this beautiful 4 story row home right on Lincoln Park and close to Eastern Market on Capitol Hill located at 1214 EAST CAPITOL St NE.
This 4 bedroom, 2.5 bath historic Victorian home (approx 2,800 sf) features large windows with park views. This home is ideal for entertaining and comfortable living on an open concept main level. The kitchen has been updated with granite counters, an island and stainless steel appliances.
The lower level features surround sound, a wet bar, full bath, washer/dryer, and kitchenette perfect for and in-law, Au-Pair Suite or Airbnb.
It’s just on the market for $1,000,000. See how much this would cost in the Cribline Math analysis below.
Cribline Math analysis:
With 20 percent down on $1,000,000 of $200,000, the mortgage would be $800,000. At an estimated 3.65 percent interest rate fixed for 30 years, the gross payment would be $4,495 per month. If the lower level was rented on Airbnb, that could reduce the gross payment by about $3,000 per month. After tax deductions, the final payment could be as low as $1,495 per month.
Happy house hunting!