What's Hot: RFK Stadium Cleared For Demolition | Airbnb Unveils Icons
Deal of the Week: Live Upstairs, Rent Downstairs
1338 Irving Street NW
According to Rentometer, the average monthly rent for a two-bedroom apartment on the 1300 block of Irving Street in Columbia Heights is about $2,300. So, in theory, the buyer of this installment of Deal of the Week could pay off a good chunk of their monthly mortgage if they rented out one of the listing’s two units.
1338 Irving Street NW consists of two separate two-bedroom, two-level units. The upstairs two-bedroom appears to be more attractive, but both have two bathrooms and small decks, and the property comes with two parking spaces.
Living Room
Even with pretty steep monthly property tax payments, if the eventual buyer puts 20 percent down and can rent out one of the units for $2,300 a month, it will cover well over 50 percent of the monthly mortgage.
More details and photos below.
Bedroom
Backyard
- Full Listing: 1338 Irving Street NW (map)
- Price: $799,000
- Bedrooms: Four
- Bathrooms: Four
- Square Footage: 2,664
- Listing Agent: Yumin Chung, McEnearney Associates
Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.6 percent.
- Loan Amount: $639,200
- Principal and Interest: $3,277
- Property Taxes: $631/month
- Total Monthly Payments: $3,908
See other articles related to: columbia heights, dclofts, deal of the week
This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_live_upstairs_rent_downstairs/3820.
Most Popular... This Week • Last 30 Days • Ever
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
UrbanTurf continues our tour of neighborhood developments around the region as we tak... read »
A regular inclusion as one of DC's most expensive housing markets, Georgetown remains... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro