28th Street SE, Washington, DC

28th Street SE, WDC was a 2-unit apartment building. One apartment has two bedrooms and one bath. The other apartment has one bedroom and one bath. The owners purchased the property for cash flow in retirement. Once renovated, they took significant cash out via a refinance for other investments. Here are the numbers.

  • $60,000

    Purchase Price

  • $42,300

    Renovation Costs

  • $1950

    Gross Monthly Rents

  • $400

    Monthly Operating Expenses

  • $811

    Monthly Mortgage PIT

  • $740

    Net Operating Income