WASHINGTON, DC 20002

HomeBridge is offering investors an opportunity to acquire a newer, well-maintained condominium in Washington, DC.

Built in 2021, this first-floor unit features two bedrooms, one bathroom, and an open-concept kitchen and living area. The interior includes white cabinetry, stainless-steel appliances, recessed lighting, wood-look flooring, an in-unit washer and dryer, and a modern bathroom with a glass-enclosed shower.

The property is already in good condition and is expected to require only minor painting, cleaning, and cosmetic touch-ups before it is ready for rental or resale.

Deal Summary

• Asking Price: $229,000
• Estimated Repairs: $5,000
• Estimated ARV: $365,000
• Potential Gross Spread: $125,000 before financing, holding, selling, and closing costs
• 2022 Sale Price: $367,500
• Historical Comparable Sales: Approximately 269,000–487,000
• The current asking price is approximately $132,500 below the property’s 2022 sale price—a discount of roughly 36%.

Rental Projections

• Estimated Rent: 2,400–2,500 per month
• Condo Fee: $382 per month
• Property Taxes: Approximately $2,651 per year

At an estimated monthly rent of $2,450, the projected annual income after the listed condo fee, property taxes, and insurance is approximately $20,965, representing a simple annual return of approximately 8.92% on the purchase price.

This calculation does not include vacancy, repairs, property management, financing, acquisition costs, or other expenses.