Assignment Available · Under-Market Single Family · Washington, DC

About this deal

Assignable purchase contract on a 3-bed, 2.0-bath single-family home located at 1150 VARNUM ST NE, Washington, DC. Contract price $185,000. Assignment fee is pre-negotiated and already priced in. Comps support solid post-rehab value — an equity play with minimal work required.

The numbers

Cap rate

8.2%

Net operating income

$23,604/yr

Cash flow

+$1,967/mo

Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.