$254,900 · WASHINGTON, DC 20019
Works for flippers · Works for landlords

Sold

$254,900Asking price

3 bd · 1 ba · 1,500 sq ft · built 2007

WASHINGTON, DC 20019

via InvestorLift Classic

Listed Mar 4

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $400,000
Asking price: −$254,900
RepairsThe seller’s figure. Ours: $19,000 – $39,500: −$40,000
Loan, holding, closing20% down, 12% interest, 2 points, 76 days: −$28,821
Profit19.1% of ARV · flippers want 10%+: $76,279
Works

Works for a flipper up to $288,000.

DIRTY PROPERTIES

Joshua Shifrin

No reviews yet

Comps

Sales

Rents

ARV $400,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $254,000.

The sales behind this value are shown to members.

ARV $400,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

DIRTY PROPERTIES

Joshua Shifrin

No reviews yet

Seller Description

3BD DC Flip | Low Reno | $259.9K Buy | $400K ARV

340 55th St NE, Washington, DC 20019

Strong value-add opportunity in Northeast Washington, DC with a straightforward renovation scope and solid resale potential. This 3 bedroom / 1 bathroom home offers approximately 1,500 square feet, providing strong scale for a cosmetic-to-moderate renovation project.

With an estimated $40K renovation, the deal supports a projected $400K ARV, creating a compelling spread in a consistently active DC resale market.

Property Highlights

3 Bedrooms
1 Bathroom
1,500 SqFt
Buy Now: $259,900
Estimated Renovation: $40,000
ARV: $400,000
Strong value-add spread
Located in a stable Northeast DC residential pocket

Neighborhood Highlights

Natural & Recreational Amenities

Marvin Gaye Park – A 1.6-mile greenway featuring bike paths, playgrounds, splash pads, and scenic bridges along Watts Branch Creek.
Kenilworth Park & Aquatic Gardens – Located less than a mile away, this nationally recognized park offers marsh boardwalks and beautiful water lily ponds.

Community Amenities

Deanwood Recreation Center & Library – A modern $33M community facility with a tech lab, sound studio, fitness areas, and an indoor pool.
Strong Commuter Access – Convenient to Deanwood, Minnesota Avenue, and Benning Road Metro stations with quick access to Route 50 and New York Avenue for commuting throughout DC.

Local Neighborhood Favorites

The Strand DC – A modern neighborhood restaurant contributing to the area's ongoing revitalization.
Menick’s Market – A long-standing corner market known for its local history and popular made-to-order sandwiches.

Call/Text Joshua Shifrin — 917-767-7675 for access or questions

Disclaimer

Broker participation is welcome at 3% on top of the buy now price. Do no disturb tenant there will be no showing inside of property. Ratified ready to settle 2-3 weeks. Occupied, Selling as-is. Buyer is responsible for all closing costs and title insurance. Firm on price: any offer below asking will not be considered. Cash or Hard Money Loans Only. Must use New World Title Co.