3314 Mount Pleasant St NW #23 · Washington, DC 20010

$192,000

1 bd · 1.0 ba · 594 sqft · Condo public records · 43 Days on market

Built 1922 $371/mo HOA · 18% of rent ↓ 7% since listing

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.7/30.0
• ARV discount +7.5/15.0
• 1% rule +5.8/10.0
• DSCR +3.8/10.0
• Livability +3.7/5.0
• Schools +3.6/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• $371 HOA
• Built 1922
• Listed 43 days

Property features AI

Finance

• Financial info: Condominium ownership interest
• HOA & community: Monthly condo fee of $371.35; Condo fee covers common area maintenance, exterior building maintenance, gas, heat, sewer, trash and water; Community amenities include common grounds and laundry facilities; Pets allowed with size/weight restrictions

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer (public septic); Natural gas for heating and cooling fuel; Electric hot water
• Home design: Condominium unit (Unit/Flat); Mid-rise building (5–8 floors); Building name: MOUNT PLEASANT; Entry on floor 1
• Construction: Brick construction
• Exterior features: Tidal water: no; Above-grade and below-grade structures present

Interior

• Kitchen: No specific appliances listed
• Bedrooms: One bedroom on the main level
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Radiator heating (natural gas); Ceiling fan(s) and window unit(s) for cooling; Electric hot water
• Interior features: No basement; Living area per assessor: 594 finished above-grade square feet
• Laundry & utility: Washer/dryer hookup in unit

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $192k.

Deal economics

• At list price, monthly cash flow is $-20 ($-240/yr) — negative.
• To cash-flow at today's rent, offer at most $188k (1.8% below list).
• Meets the 1% rule at list price ($2k rent vs $192k).
• Recommended offer: $186k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.2% vs local median 2.5% in Washington — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#1 in DC) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• District Of Columbia Public Schools (urban): math 33% / reading 40% proficiency, ranked #8 of 32 in DC (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 179 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,737 units permitted in District of Columbia in 2024 (1,506 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• District of Columbia County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($186k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $186,240 (3.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
3. Built in 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.08% ✓
• Cap rate: 6.17%
• Cash-on-cash: -0.45%
• DSCR: 0.98
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.3% rent growth · sell at horizon

5-year hold

• IRR: -20.8%
• Equity multiple: 0.30×
• Total profit: $-37,649
• Equity at exit: $28,628

10-year hold

• IRR: -24.3%
• Equity multiple: -0.02×
• Total profit: $-54,838
• Equity at exit: $16,601

Cash invested: $53,760 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State District of Columbia: 12 Strongly Tenant-Friendly · D+43
• County: — inherits STATE
• City Washington: 0 Strongly Tenant-Friendly · D+43

Rent Stabilization Program; TOPA gives tenants right of first refusal.

Methodology + full state rankings →

ZIP-level market 20010

• Rents YoY: 0.3%
• Active inventory: 179
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,078 high
• Mortgage (P&I): −$1,007
• Tax from tax record: −$204 /mo · $2,450/yr
• Insurance: −$80
• HOA: −$371
• Vacancy / Maint / Mgmt: −$436
• Net cashflow: $-20

Break-even live

Break-even rent $2,104

Max offer price $188,460

Occupancy floor 96%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $48,000
• Closing costs: $5,760
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3314 Mount Pleasant St NW #35 Washington, DC	1.0	1.0	541	$2,199	$4.06	24d	1	0.01mi
3410 17th St NW Washington, DC	—	1.0	400	$1,492	$3.73	24d	1	0.12mi
3215 Mount Pleasant St NW Unit 302 Washington, DC	2.0	2.0	745	$4,000	$5.37	24d	1	0.13mi
3215 Mount Pleasant St NW Unit 303 Washington, DC	2.0	1.0	730	$4,000	$5.48	24d	1	0.13mi
1630 Park Rd NW Washington, DC	—	1.0	367	$1,682	$4.58	3d	3	0.15mi
3420 16th St NW Washington, DC	1.0	1.0	715	$2,188	$3.06	2d	1	0.17mi
3300 16th St NW Unit 0809 Washington, DC	—	1.0	454	$1,595	$3.51	24d	1	0.18mi
3300 16th St NW Apt 906 Washington, DC	—	1.0	430	$1,550	$3.60	24d	1	0.18mi
3300 16th St NW Unit 0711 Washington, DC	—	1.0	405	$1,395	$3.44	12d	1	0.18mi
3300 16th St NW Unit 0702 Washington, DC	—	1.0	405	$1,395	$3.44	16d	1	0.18mi
3300 16th St NW Unit 0612 Washington, DC	—	1.0	405	$1,395	$3.44	7d	1	0.18mi
3300 16th St NW Unit 0506 Washington, DC	—	1.0	430	$1,550	$3.60	22d	1	0.18mi
3355 16th St NW Washington, DC	—	1.0	452	$1,525	$3.37	16d	9	0.21mi
3435 Brown St NW Unit 24 Washington, DC	2.0	1.0	735	$2,599	$3.54	24d	1	0.21mi
3200 16th St NW Washington, DC	1.0	1.0	705	$2,524	$3.58	18d	8	0.21mi
3620 16th St NW Unit 3620-510 Washington, DC	1.0	1.0	453	$1,700	$3.75	15d	1	0.25mi
3620 16th St NW Unit 3620-209 Washington, DC	—	1.0	453	$1,495	$3.30	15d	1	0.25mi
3620 16th St NW Unit 3620-212 Washington, DC	—	1.0	453	$1,700	$3.75	15d	1	0.25mi
3620 16th St NW Unit 3620-408 Washington, DC	—	1.0	453	$1,757	$3.88	15d	1	0.25mi
3620 16th St NW Washington, DC	1.0	1.0	453	$1,757	$3.88	24d	5	0.25mi
3146 16th St NW Washington, DC	2.0	1.0	610	$2,249	$3.69	20d	10	0.26mi
1519 Park Rd NW Washington, DC	1.0	1.0	521	$1,900	$3.65	4d	1	0.27mi
3636 16th St NW Washington, DC	1.0	1.0	509	$2,182	$4.29	1d	1	0.28mi
1483 Newton St NW Washington, DC	2.0	1.0	526	$2,192	$4.17	16d	5	0.28mi
3120 16th St NW Unit 15 Washington, DC	2.0	1.0	657	$3,200	$4.87	24d	1	0.30mi
1436 Meridian Pl NW Unit LL06 Washington, DC	2.0	1.0	645	$1,900	$2.95	1d	1	0.30mi
1454 Newton St NW #101 Washington, DC	2.0	1.0	690	$2,700	$3.91	24d	1	0.31mi
3115 Mount Pleasant St NW Washington, DC	2.0	1.0	710	$2,599	$3.66	24d	1	0.31mi
1457 Park Rd NW Washington, DC	—	1.0	490	$1,395	$2.85	12d	1	0.31mi
1443 Oak St NW Washington, DC	1.0	1.0	550	$1,900	$3.45	24d	1	0.32mi
1515 Ogden St NW Washington, DC	1.0	1.0	587	$1,799	$3.06	1d	11	0.33mi
1451 Park Rd NW Washington, DC	—	1.0	357	$1,490	$4.17	4d	1	0.33mi
3060 16th St NW #308 Washington, DC	1.0	1.0	624	$1,800	$2.88	18d	1	0.35mi
1445 Ogden St NW Washington, DC	1.0	1.0	625	$1,921	$3.07	24d	9	0.36mi
3625 16th St NW Washington, DC	1.0	1.0	601	$1,850	$3.08	22d	1	0.36mi
1416 Perry Pl NW Washington, DC	—	1.0	425	$1,600	$3.76	24d	1	0.41mi
1460 Irving St NW Washington, DC	—	1.0	457	$1,574	$3.44	3d	6	0.42mi
1700 Harvard St NW Washington, DC	1.0	1.0	620	$2,715	$4.38	1d	12	0.42mi
1437 Spring Rd NW #22 Washington, DC	2.0	1.0	680	$1,995	$2.93	14d	1	0.43mi
3517 14th St NW Unit B01 Washington, DC	1.0	1.0	608	$2,500	$4.11	4d	1	0.44mi

HOA detail condo

• Monthly dues: $371 · $4,452/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 4 events

1. 2026-05-22
   soldstatus $179,500 Closed
2. 2026-04-30
   status Pending
3. 2026-03-19
   listed $192,000 Active
4. 2026-03-12
   historical $192,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast DC · Partial reset (capped growth)

• Current annual tax: $2,450 · $204/mo
• Projected year-2 tax: $2,450 · $204/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,941
• − Mortgage interest: −$10,755
• − Property taxes: −$2,450
• − Insurance: −$960
• − Repairs & maintenance: −$1,995
• − Management: −$1,995
• − HOA: −$4,452
• − Depreciation: −$5,585
• Taxable loss: −$3,251
• Est. tax savings @ 24.0%: +$780
• After-tax cash flow: $540/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: District Of Columbia Public Schools
• NCES district ID: 1100030
• Math proficiency: 33% ▲ 3.00%
• Reading proficiency: 40% ▲ 5.00%
• Median HH income: $67,671
• Composite: 35.84/100
• National rank: #9606
• State rank: #8 of 32 in DC

Livability — Washington

• Score: 73/100
• State rank: #1
• US rank: #5327

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing C Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Washington, DC
• County: District of Columbia · 671,873 people
• City population: 671,873
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 31,808
• Household income: $114,126
• Rent vs Own: 59.0% rent · 41.0% own
• Severe rent burden: 1344.0

Population outlook (District of Columbia County) Hauer SSP2

• Today (2025): 821,926 people
• By 2030: 899,517 · +9.4%
• By 2040: 1,061,162 · +29.1%
• By 2050: 1,231,493 · +49.8%
• By 2075: 1,603,312 · +95.1%
• By 2100: 1,847,141 · +124.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: White 38% Hispanic / Latino 29% Black 21% Two or more races 13% Asian 6%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Romanian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 25% · Canada, Vietnam, Jamaica
• Languages at home: 64% English-only · Spanish 26% French/Haitian/Cajun 2% Other Indo-European 2%

Political lean MEDSL · District of Columbia

• 2024 margin: Solid D (+86.1) · D 91.2% · R 5.1% · Other 3.8%
• 2008→2024 swing: +0.1pp no change · 2008: 85.9pp · 2024: 86.1pp
• All cycles: 2024: D+86.1 2020: D+86.8 2016: D+88.7 2012: D+84.2 2008: D+85.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1053.82%
• Current HPI: 380.8513
• Rent YoY: ▲ 0.30%
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• State GDP YoY: ▲ 1.33%
• F500 in state: 6

Industry mix (Fortune 500 HQ in DC)

Industry	F500 HQs	Revenue
▸Financial Services	1	$153B
▸Life Sciences / Industrials	1	$25B
▸Industrial Machinery	1	$8B

Price history

-6.5% since first listed

4 events — show timeline

• 2026-05-22 Sold (MLS) $179,500 BRIGHT MLS
• 2026-04-30 Pending — BRIGHT MLS
• 2026-03-19 Listed $192,000 BRIGHT MLS
• 2026-03-12 Coming Soon $192,000 BRIGHT MLS

Property tax history

+0.5%/yr

Latest (2025): $2,450 · -1.0% YoY. Source: county tax records.