Think you can’t afford to buy? Think again. With rent prices soaring in DC, you may be surprised to learn that your rent payment is comparable to a mortgage. This studio could be yours for only $983 a month. Eric from The Cribline breaks down the math below.
$164,900
0 BD/1 BA: 480 sq ft
Adams Morgan
Some utilities included
What makes it great: I love small spaces with big personality. This place has a lot of angles but that is what makes it unique and cool! The furniture is perfectly arranged, creating defined and useful spaces. The kitchen is separate with nice upgrades. I particularly like the cabinets. There is even room for a little eat-in kitchen. The building is on a quiet street and features a roof deck.
The Cribline Math:
With 20 percent down on $164,900 or about $33,000, the mortgage would be about $132,000. At an estimated 3.65 percent interest rate fixed for 30 years, the gross payment would be about $742 per month. After tax deductions the net payment would be about $595 per month. Add the coop fee of $388 per month.
If you are interested in seeing this place for yourself, email me!
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