Description
Property was renovated early 2022 and yet seller still offer $5K cosmetic update credit at the closing !!! investment property in Eckington community in the nation's capital DC, Currently the property is under a year lease thru the DC rapid rehousing program till July 2023, after the lease is due the tenant will remain on the same program or converted to permanent voucherRented for $5757/ month DC pays the rent between the 1/2nd of each month, no delay, no tenant portion. Annual expenses Property tax, Insurance and utilities $10,700 which leaves you with $58,384 NOI ( net operating income), Refi ARV conducted October 2022 and came back $800,000
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5BEDS
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0.03ACRES
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2BATHS
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01/2 BATHS
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1,620SQFT
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$404$/SQFT
Description
Property was renovated early 2022 and yet seller still offer $5K cosmetic update credit at the closing !!! investment property in Eckington community in the nation's capital DC, Currently the property is under a year lease thru the DC rapid rehousing program till July 2023, after the lease is due the tenant will remain on the same program or converted to permanent voucherRented for $5757/ month DC pays the rent between the 1/2nd of each month, no delay, no tenant portion. Annual expenses Property tax, Insurance and utilities $10,700 which leaves you with $58,384 NOI ( net operating income), Refi ARV conducted October 2022 and came back $800,000
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