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818 Kennedy St NW #6
D Composite 41.96
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).

  • ARV discount +15.0/15.0
  • Cash flow +7.4/30.0
  • Condition / age +4.8/5.0
  • Livability +3.7/5.0
  • Schools +3.6/10.0
  • 1% rule +3.1/10.0
  • Rent growth +2.9/5.0
  • DSCR +1.6/10.0
  • Appreciation +0.0/10.0

$285,000

818 Kennedy St NW #6 · Washington, DC 20011
2 bd · 2.0 ba · 823 sqft · Condo public records · 155 Days on market
Built 2022 Excellent condition $346/sqft · 21% below area Est $361k · 21% under $282/mo HOA · 12% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Inclusionary Zoning (IZ) Requirements Please Read Carefully: This property is part of the District of Columbia’s Inclusionary Zoning (IZ) program and is designated as an 80% MFI (Median Family Income) unit. Unlike many IZ properties, this is a NON-LOTTERY UNIT, meaning it is available to the first qualified buyer who applies. To show and purchase, prospective buyers must meet the following criteria: -Certification: Buyer must be IZ Certified through the District. -Financing: Buyer must be pre-approved by a lender. -Household Size: This unit requires a minimum 2-person household. Non-Lottery Unit: This home is available on a first-come, first-served basis to qualified buyers.

Key facts

  • $282 HOA
  • Built 2022
  • Listed 154 days

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $285k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-366 ($-4k/yr) — negative.
  • To cash-flow at today's rent, offer at most $220k (22.7% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $232k (18.5% below list).
  • Recommended offer: $220k (22.7% below list) — sets the bar for cash-flow.
  • Cap rate 4.8% 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.
  • Zoned schools: Truesdell Es (444 students, 0% FRL); Macfarland Ms (528 students, 0% FRL); Roosevelt Hs (913 students, 0% FRL) — zoned schools average 0% FRL vs 65% district-wide (65 pts lower); this property's tenant base skews higher-income than the district average.
  • Market conditions: Rents rising (+1.4%/yr); 530 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 88d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 85% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $2k of loan paydown is wiped out by about $9k 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 155 days — a 12% lower offer ($251k) is reasonable based on typical stale-listing flexibility.
Recommended offer $220,381 (22.7% 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 155 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. 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?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  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
0.81%
Cap rate
4.75%
Cash-on-cash
-5.50%
DSCR
0.76
GRM
10.2

CMA / ARV

ARV (median comp)
$361,487
List price
$285,000
Delta
-21.16%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
617 Jefferson St NW #102 0.19mi 2/1.5 738 (-10%) 2mo $299,000 $405 70
30 Kennedy St NW #9 0.73mi 2/2.0 838 (+2%) 2mo $440,000 $525 62
7175 12th St NW #621 1.45mi 1/1.0 (-1) 822 (-0%) 0mo $542,400 $660 56
200 Hamilton St NW #6 0.63mi 2/2.0 750 (-9%) 1mo $349,000 $465 55
5200 N Capitol St NW #204 0.85mi 1/1.0 (-1) 800 (-3%) 1mo $125,000 $156 50
304 Aspen St NW #204 1.19mi 1/1.0 (-1) 800 (-3%) 2mo $353,900 $442 50
7175 12th St NW #615 1.45mi 2/2.0 904 (+10%) 0mo $629,900 $697 48
1437 Spring Rd NW #25 1.38mi 2/1.0 899 (+9%) 1mo $385,000 $428 44
1380 Quincy St NW Unit 5-C 1.35mi 2/2.0 930 (+13%) 2mo $585,000 $629 42
7175 12th St NW #314 1.45mi 2/2.0 966 (+17%) 0mo $559,900 $580 40
4010 Kansas Ave NW #2 1.11mi 2/1.0 700 (-15%) 2mo $324,000 $463 34
7175 12th St NW #103 1.45mi 1/1.0 (-1) 675 (-18%) 2mo $469,900 $696 29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.45% rent growth · sell at horizon

5-year hold
IRR
-27.6%
Equity multiple
0.09×
Total profit
$-72,869
Equity at exit
$42,494
10-year hold
IRR
-33.5%
Equity multiple
-0.34×
Total profit
$-106,917
Equity at exit
$24,642

Cash invested: $79,800 (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.

Active competition Active MLS

For sale now
1 active · 3 under contract
Median asking
$289,900 ($410/sqft)
Median days on market
31 d
This list price
lowest-priced of the active set
ARV vs active asking
+7.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 20011

Rents YoY
1.4%
Active inventory
530
Price-to-rent
10.2×

Monthly cashflow live

Estimated rent
$2,321 high interval (Pro) →
Mortgage (P&I)
$1,495
Tax from tax record
$304 /mo · $3,653/yr
Insurance
$119
HOA
$282
Vacancy / Maint / Mgmt
$487
Net cashflow
$-366

Break-even live

Break-even rent $2,784
Max offer price $220,381
Occupancy floor

Sensitivity live

Price -10% $-204 -5% $-285 +0% $-366 +5% $-446 +10% $-527
Rent -10% $-549 -5% $-457 +0% $-366 +5% $-274 +10% $-182
Rate -1.0pp $-222 -0.5pp $-293 base $-366 +0.5pp $-440 +1.0pp $-515

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
$71,250
Closing costs
$8,550
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
820 Kennedy St NW Washington, DC 1.0 1.0 602 $2,000 $3.32 114d 1 0.01mi
818 Kennedy St NW #1 Washington, DC 2.0 2.0 915 $2,300 $2.51 85d 1 0.01mi
816 Kennedy St NW Washington, DC 2.0 2.0 1050 $3,600 $3.43 88d 1 0.02mi
839 Kennedy St NW #204 Washington, DC 2.0 2.0 772 $2,375 $3.08 114d 1 0.05mi
5401 9th St NW #8 Washington, DC 1.0 1.0 690 $1,799 $2.61 20d 1 0.05mi
5401 9th St NW #201 Washington, DC 1.0 1.0 590 $1,825 $3.09 120d 1 0.05mi
839 Kennedy St NW Washington, DC 1.0 1.0 561 $1,895 $3.38 49d 1 0.05mi
5405 9th St NW #306 Washington, DC 1.0 1.0 720 $2,900 $4.03 18d 1 0.05mi
5405 9th St NW #306 Washington, DC 1.0 1.0 720 $2,950 $4.10 56d 1 0.05mi
5405 9th St NW #306 Washington, DC 1.0 1.0 720 $2,950 $4.10 49d 1 0.05mi
5405 9th St NW #306 Washington, DC 1.0 1.0 720 $2,900 $4.03 103d 1 0.05mi
5405 9th St NW #106 Washington, DC 1.0 1.0 644 $1,800 $2.80 114d 1 0.05mi
5501 8th St NW Washington, DC 2.0 1.0 800 $3,300 $4.12 110d 1 0.07mi
911 Kennedy St NW Unit 11B Washington, DC 2.0 2.5 960 $2,800 $2.92 49d 1 0.08mi
5524 8th St NW Washington, DC 1.0 1.0 650 $1,395 $2.15 116d 1 0.08mi
927 Kennedy St NW Washington, DC 1.0–2.0 1.0–2.0 745 $3,990 $5.35 38d 3 0.10mi
721 Kennedy St NW Washington, DC 1.0 1.0 544 $1,795 $3.30 49d 1 0.10mi
927 Kennedy St NW #301 Washington, DC 2.0 2.0 928 $3,100 $3.34 120d 1 0.11mi
930 Kennedy St NW Washington, DC 1.0 1.0–1.5 590 $2,300 $3.90 120d 2 0.11mi
710 Kennedy St NW Unit 11 Washington, DC 2.0 2.0 637 $2,399 $3.77 120d 1 0.12mi
710 Kennedy St NW Unit 30 Washington, DC 2.0 2.0 830 $2,750 $3.31 120d 1 0.12mi
5400 7th St NW Apt 203 Washington, DC 1.0 1.0 550 $1,419 $2.58 20d 1 0.14mi
5400 7th St NW Unit 002 Washington, DC 1.0 1.0 650 $1,326 $2.04 120d 1 0.14mi
5400 7th St NW Apt 108 Washington, DC 1.0 1.0 800 $1,463 $1.83 120d 1 0.14mi
5400 7th St NW Apt 106 Washington, DC 1.0 1.0 800 $1,315 $1.64 120d 1 0.14mi
5508 7th St NW Washington, DC 1.0–2.0 1.0–2.0 792 $2,975 $3.76 5d 3 0.14mi
5413 Georgia Ave NW Washington, DC 2.0 2.0 800 $1,990 $2.49 120d 1 0.15mi
700 Jefferson St NW Washington, DC 1.0 1.0 569 $1,528 $2.69 120d 1 0.15mi
5551 Illinois Ave NW Washington, DC 2.0 2.0 716 $1,922 $2.68 85d 2 0.16mi
5551 Illinois Ave NW #304 Washington, DC 2.0 2.0 683 $2,100 $3.07 69d 1 0.16mi
939 Longfellow St NW #205 Washington, DC 1.0 1.0 682 $1,850 $2.71 71d 1 0.16mi
5507 7th St NW #2 Washington, DC 2.0 2.5 851 $2,650 $3.11 34d 1 0.16mi
920 Madison St NW Apt 301 Washington, DC 3.0 1.0 1050 $2,400 $2.29 2d 1 0.18mi
920 Madison St NW Apt 301 Washington, DC 3.0 1.0 1050 $2,300 $2.19 38d 1 0.18mi
922 Madison St NW #301 Washington, DC 2.0 1.5 843 $1,900 $2.25 120d 1 0.18mi
922 Madison St NW #304 Washington, DC 2.0 1.5 699 $1,875 $2.68 31d 1 0.18mi
5303 7th St NW Washington, DC 1.0 1.0 723 $1,950 $2.70 112d 1 0.20mi
5303 7th St NW Unit B Washington, DC 1.0 1.0 723 $1,950 $2.70 120d 1 0.20mi
611 Kennedy St NW #202 Washington, DC 2.0 2.0 675 $2,000 $2.96 20d 1 0.20mi
1202 Longfellow St NW Apt 3 Washington, DC 1.0 1.0 650 $2,650 $4.08 67d 1 0.20mi

Property features AI

Finance

Other
Assessor-reported finished area above grade: 823Total below-grade area reported as 0
HOA & community
Monthly condo fee of $282Condo fee includes all ground feePets allowed with no restrictions

Exterior

Parking
On-street parking
Utilities
Public waterNo septic system
Home design
Condominium unit (Unit/Flat)Mid-rise building (5–8 floors)Entry on level 2Building name: PETWORTH
Construction
Construction not completed (per listing data)Assessor-reported year-built source
Exterior features
In city limitsAbove-grade and below-grade structures noted

Interior

Bedrooms
Two bedrooms on the main level
Bathrooms
Two full bathrooms
Heating & cooling
Central heating (electric)Central air conditioningElectric hot water
Interior features
Unit in excellent conditionNo basementAssessor-reported living area source
Laundry & utility
Washer/dryer hook up in unit

HOA detail $282/mo · $3,384/yr condo

Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-09-24
    days on market $285,000 Active 155 DOM
  2. 2026-09-23
    days on market $285,000 Active 154 DOM
  3. 2026-09-22
    days on market $285,000 Active 153 DOM
  4. 2026-09-21
    days on market $285,000 Active 152 DOM
  5. 2026-09-19
    days on market $285,000 Active 150 DOM
  6. 2026-09-18
    days on market $285,000 Active 149 DOM
  7. 2026-09-17
    days on market $285,000 Active 148 DOM
  8. 2026-09-16
    days on market $285,000 Active 147 DOM
  9. 2026-09-15
    days on market $285,000 Active 146 DOM
  10. 2026-09-14
    days on market $285,000 Active 145 DOM
  11. 2026-09-13
    days on market $285,000 Active 144 DOM
  12. 2026-09-12
    days on market $285,000 Active 143 DOM
  13. 2026-09-11
    days on market $285,000 Active 142 DOM
  14. 2026-09-05
    days on market $285,000 Active 136 DOM
  15. 2026-09-04
    days on market $285,000 Active 135 DOM
  16. 2026-09-03
    days on market $285,000 Active 134 DOM
  17. 2026-08-31
    days on market $285,000 Active 131 DOM
  18. 2026-08-30
    days on market $285,000 Active 130 DOM
  19. 2026-08-29
    days on market $285,000 Active 129 DOM
  20. 2026-08-28
    days on market $285,000 Active 128 DOM
  21. 2026-08-27
    days on market $285,000 Active 127 DOM
  22. 2026-08-25
    days on market $285,000 Active 125 DOM
  23. 2026-08-24
    days on market $285,000 Active 124 DOM
  24. 2026-08-23
    days on market $285,000 Active 123 DOM
  25. 2026-08-22
    days on market $285,000 Active 122 DOM
  26. 2026-08-21
    days on market $285,000 Active 121 DOM
  27. 2026-08-20
    days on market $285,000 Active 120 DOM
  28. 2026-08-19
    days on market $285,000 Active 119 DOM
  29. 2026-08-18
    days on market $285,000 Active 118 DOM
  30. 2026-08-17
    days on market $285,000 Active 117 DOM
  31. 2026-08-16
    days on market $285,000 Active 116 DOM
  32. 2026-08-15
    days on market $285,000 Active 115 DOM
  33. 2026-08-14
    days on market $285,000 Active 114 DOM
  34. 2026-08-13
    days on market $285,000 Active 113 DOM
  35. 2026-08-12
    days on market $285,000 Active 112 DOM
  36. 2026-08-11
    days on market $285,000 Active 111 DOM
  37. 2026-08-10
    days on market $285,000 Active 110 DOM
  38. 2026-08-09
    days on market $285,000 Active 109 DOM
  39. 2026-08-08
    days on market $285,000 Active 108 DOM
  40. 2026-08-06
    days on market $285,000 Active 106 DOM
  41. 2026-08-05
    days on market $285,000 Active 105 DOM
  42. 2026-08-04
    days on market $285,000 Active 104 DOM
  43. 2026-08-03
    days on market $285,000 Active 103 DOM
  44. 2026-07-31
    days on market $285,000 Active 100 DOM
  45. 2026-07-30
    days on market $285,000 Active 98 DOM
  46. 2026-07-28
    days on market $285,000 Active 97 DOM
  47. 2026-07-26
    days on market $285,000 Active 95 DOM
  48. 2026-07-24
    days on market $285,000 Active 93 DOM
  49. 2026-07-23
    days on market $285,000 Active 92 DOM
  50. 2026-07-22
    days on market $285,000 Active 91 DOM

ⓘ 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
$3,653 · $304/mo
Projected year-2 tax
$3,653 · $304/mo
Expected delta
$0/yr ($0/mo · 0.0%)

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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$27,857
− Mortgage interest
−$15,964
− Property taxes
−$3,653
− Insurance
−$1,425
− Repairs & maintenance
−$2,229
− Management
−$2,229
− HOA
−$3,384
− Depreciation
−$8,291
Taxable loss
−$9,317
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,236
After-tax cash flow
$-2,153/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.

Condition & rehab AI · 13 photos

Excellent 95/100 None rehab

This modern, move-in-ready condo is in excellent condition with a well-designed kitchen and bathroom. Additional landscaping and smart home integration would further enhance its value.

Value-add opportunities

  • Both Landscaping — A well-maintained garden and landscaping can enhance curb appeal and attract more buyers/renters.
  • Both Smart home integration — Adding smart home features can increase the property's appeal to tech-savvy buyers and renters.

Zoned Schools

Elementary Truesdell Es Middle Macfarland Ms High Roosevelt Hs

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
B Composite livability gradescore 73/100

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 · 821,926 people
City population
671,873
Metro
Washington-Arlington-Alexandria, DC-VA-MD-WV
Population (ZIP)
67,434
Household income
$110,309
Rent vs Own
43.8% rent · 56.2% own
Severe rent burden
9% of renters

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
Diverse neighborhood (Simpson 0.66)
Race & ethnicity
Black 50% Hispanic / Latino 23% White 20% Two or more races 10% Asian 2%
Hispanic origin (detail)
Mexican 2% Dominican 1%
Common ancestry
Lithuanian 1% Romanian 1% Slovak 1%
Foreign-born
21% · Canada
Languages at home
70% English-only · Spanish 20% French/Haitian/Cajun 2% Other Indo-European 1%

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

Price history

1 event — show timeline
  • 2026-04-22 Listed $285,000 BRIGHT MLS

Property tax history

+39.2%/yr

Latest (2025): $3,653 · -3.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…