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818 Kennedy St NW #6
D Composite 41.51
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 +7.2/30.0
  • Condition / age +4.8/5.0
  • Livability +3.7/5.0
  • Schools +3.6/10.0
  • 1% rule +3.0/10.0
  • Rent growth +2.9/5.0
  • DSCR +1.4/10.0
  • 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 · 200 Days on market
Built 2022 Excellent condition $346/sqft · 19% below area Est $354k · 19% 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 199 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 $-389 ($-5k/yr) — negative.
  • To cash-flow at today's rent, offer at most $216k (24.1% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $229k (19.6% below list).
  • Recommended offer: $216k (24.1% below list) — sets the bar for cash-flow.
  • Cap rate 4.7% 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); 593 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 117d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% 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 200 days — a 12% lower offer ($251k) is reasonable based on typical stale-listing flexibility.
Recommended offer $216,211 (24.1% 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 200 days. Have you received any prior offers? Is the seller open to a 24% 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
0.80% ✗
Cap rate
4.65%
Cash-on-cash
-5.86%
DSCR
0.74
GRM
10.4

CMA / ARV

ARV (median comp)
$353,588
List price
$285,000
Delta
-19.40%
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%) 3mo $299,000 $405 69
5754 Colorado Ave NW #202 0.40mi 2/2.0 691 (-16%) 0mo $320,000 $463 56
7175 12th St NW #621 1.45mi 1/1.0 (-1) 822 (-0%) 2mo $542,400 $660 54
200 Hamilton St NW #6 0.63mi 2/2.0 750 (-9%) 2mo $349,000 $465 54
5200 N Capitol St NW #204 0.85mi 1/1.0 (-1) 800 (-3%) 3mo $125,000 $156 49
7175 12th St NW #615 1.45mi 2/2.0 904 (+10%) 2mo $629,900 $697 47
4014 Georgia Ave NW #201 1.09mi 2/1.0 744 (-10%) 1mo $375,000 $504 44
1437 Spring Rd NW #25 1.38mi 2/1.0 899 (+9%) 3mo $385,000 $428 43
5414 1st Pl NW #504 0.78mi 2/2.0 937 (+14%) 0mo $349,000 $372 42
811 Upshur St NW #6 0.96mi 2/2.0 950 (+15%) 0mo $560,000 $589 40
7175 12th St NW #314 1.45mi 2/2.0 966 (+17%) 2mo $559,900 $580 39
6722 3rd St NW #204 1.17mi 1/1.0 (-1) 715 (-13%) 1mo $193,815 $271 34

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
-28.2%
Equity multiple
0.07×
Total profit
$-74,327
Equity at exit
$42,494
10-year hold
IRR
-35.3%
Equity multiple
-0.38×
Total profit
$-109,942
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
+4.8% 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
593
Price-to-rent
10.4×

Monthly cashflow live

Estimated rent
$2,292 high interval (Pro) →
Mortgage (P&I)
−$1,495
Tax from tax record
−$304 /mo · $3,653/yr
Insurance
−$119
HOA
−$282
Vacancy / Maint / Mgmt
−$481
Net cashflow
$-389

Break-even live

Break-even rent $2,784
Max offer price $216,211
Occupancy floor —

Sensitivity live

Price -10% $-228 -5% $-309 +0% $-389 +5% $-470 +10% $-551
Rent -10% $-570 -5% $-480 +0% $-389 +5% $-299 +10% $-208
Rate -1.0pp $-246 -0.5pp $-317 base $-389 +0.5pp $-463 +1.0pp $-538

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 159d 1 0.01mi
822 Kennedy St NW #4 Washington, DC 1.0 1.0 546 $1,899 $3.48 7d 1 0.01mi
818 Kennedy St NW #1 Washington, DC 2.0 2.0 915 $2,300 $2.51 130d 1 0.01mi
816 Kennedy St NW Washington, DC 2.0 2.0 1050 $3,600 $3.43 133d 1 0.02mi
800 Kennedy St NW #3 Washington, DC 2.0 2.0 1100 $2,650 $2.41 10d 1 0.04mi
839 Kennedy St NW #204 Washington, DC 2.0 2.0 772 $2,375 $3.08 159d 1 0.05mi
5401 9th St NW #8 Washington, DC 1.0 1.0 690 $1,799 $2.61 10d 1 0.05mi
5401 9th St NW #201 Washington, DC 1.0 1.0 590 $1,825 $3.09 165d 1 0.05mi
839 Kennedy St NW Washington, DC 1.0 1.0 561 $1,695 $3.02 23d 1 0.05mi
5405 9th St NW #306 Washington, DC 1.0 1.0 720 $2,900 $4.03 10d 1 0.05mi
5405 9th St NW #306 Washington, DC 1.0 1.0 720 $2,950 $4.10 101d 1 0.05mi
5405 9th St NW #306 Washington, DC 1.0 1.0 720 $2,900 $4.03 148d 1 0.05mi
5405 9th St NW #306 Washington, DC 1.0 1.0 720 $2,950 $4.10 9d 1 0.05mi
5405 9th St NW #306 Washington, DC 1.0 1.0 720 $2,900 $4.03 17d 1 0.05mi
5405 9th St NW #106 Washington, DC 1.0 1.0 644 $1,800 $2.80 159d 1 0.05mi
5501 8th St NW Washington, DC 2.0 1.0 800 $3,300 $4.12 155d 1 0.07mi
911 Kennedy St NW Unit 11B Washington, DC 2.0 2.5 960 $2,800 $2.92 94d 1 0.08mi
911 Kennedy St NW #13 Washington, DC 1.0 1.5 592 $1,800 $3.04 36d 1 0.08mi
5524 8th St NW Unit 305 Washington, DC 1.0 1.0 550 $1,495 $2.72 10d 1 0.08mi
5524 8th St NW Washington, DC 1.0 1.0 650 $1,395 $2.15 161d 1 0.08mi
927 Kennedy St NW Washington, DC 1.0–2.0 1.0–2.0 745 $3,175 $4.26 15d 3 0.10mi
721 Kennedy St NW Washington, DC 1.0 1.0 544 $1,795 $3.30 94d 1 0.10mi
927 Kennedy St NW #301 Washington, DC 2.0 2.0 928 $3,100 $3.34 165d 1 0.11mi
930 Kennedy St NW Washington, DC 1.0 1.0–1.5 590 $2,300 $3.90 165d 2 0.11mi
710 Kennedy St NW Unit 11 Washington, DC 2.0 2.0 637 $2,399 $3.77 165d 1 0.12mi
710 Kennedy St NW Unit 30 Washington, DC 2.0 2.0 830 $2,750 $3.31 165d 1 0.12mi
710 Kennedy St NW Apt 10 Washington, DC 1.0 1.0 649 $1,359 $2.09 10d 1 0.12mi
5400 7th St NW Unit 002 Washington, DC 1.0 1.0 650 $1,326 $2.04 165d 1 0.14mi
5400 7th St NW Apt 203 Washington, DC 1.0 1.0 550 $1,299 $2.36 10d 1 0.14mi
5400 7th St NW Apt 108 Washington, DC 1.0 1.0 800 $1,463 $1.83 165d 1 0.14mi
5400 7th St NW Apt 106 Washington, DC 1.0 1.0 800 $1,315 $1.64 165d 1 0.14mi
5508 7th St NW Washington, DC 2.0 1.0–2.0 741 $2,271 $3.06 10d 4 0.14mi
5523 Illinois Ave NW Washington, DC 3.0 1.0 1078 $3,700 $3.43 7d 1 0.15mi
5413 Georgia Ave NW Washington, DC 2.0 2.0 800 $1,990 $2.49 165d 1 0.15mi
700 Jefferson St NW Washington, DC 1.0 1.0 569 $1,528 $2.69 165d 1 0.15mi
5551 Illinois Ave NW #304 Washington, DC 2.0 2.0 683 $2,100 $3.07 114d 1 0.16mi
5551 Illinois Ave NW Washington, DC 2.0 2.0 716 $1,922 $2.68 130d 2 0.16mi
939 Longfellow St NW #205 Washington, DC 1.0 1.0 682 $1,850 $2.71 116d 1 0.16mi
5507 7th St NW #2 Washington, DC 2.0 2.5 851 $2,650 $3.11 79d 1 0.16mi
1200 Kennedy St NW Unit 1633281P Washington, DC 2.0 1.0 592 $3,947 $6.67 28d 1 0.17mi

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. 2026-11-08
    days on market $285,000 Active 200 DOM
  2. 2026-11-07
    days on market $285,000 Active 199 DOM
  3. 2026-11-06
    days on market $285,000 Active 198 DOM
  4. 2026-11-05
    days on market $285,000 Active 197 DOM
  5. 2026-11-04
    days on market $285,000 Active 196 DOM
  6. 2026-11-02
    days on market $285,000 Active 194 DOM
  7. 2026-11-01
    days on market $285,000 Active 193 DOM
  8. 2026-10-31
    days on market $285,000 Active 192 DOM
  9. 2026-10-30
    days on market $285,000 Active 191 DOM
  10. 2026-10-29
    days on market $285,000 Active 190 DOM
  11. 2026-10-28
    days on market $285,000 Active 189 DOM
  12. 2026-10-27
    days on market $285,000 Active 188 DOM
  13. 2026-10-26
    days on market $285,000 Active 187 DOM
  14. 2026-10-26
    days on market $285,000 Active 186 DOM
  15. 2026-10-24
    days on market $285,000 Active 185 DOM
  16. 2026-10-23
    days on market $285,000 Active 184 DOM
  17. 2026-10-22
    days on market $285,000 Active 183 DOM
  18. 2026-10-21
    days on market $285,000 Active 182 DOM
  19. 2026-10-20
    days on market $285,000 Active 181 DOM
  20. 2026-10-19
    days on market $285,000 Active 180 DOM
  21. 2026-10-18
    days on market $285,000 Active 179 DOM
  22. 2026-10-17
    days on market $285,000 Active 178 DOM
  23. 2026-10-16
    days on market $285,000 Active 177 DOM
  24. 2026-10-15
    days on market $285,000 Active 176 DOM
  25. 2026-10-14
    days on market $285,000 Active 175 DOM
  26. 2026-10-13
    days on market $285,000 Active 174 DOM
  27. 2026-10-12
    days on market $285,000 Active 173 DOM
  28. 2026-10-11
    days on market $285,000 Active 172 DOM
  29. 2026-10-10
    days on market $285,000 Active 171 DOM
  30. 2026-10-09
    days on market $285,000 Active 170 DOM
  31. 2026-10-09
    days on market $285,000 Active 169 DOM
  32. 2026-10-07
    days on market $285,000 Active 168 DOM
  33. 2026-10-06
    days on market $285,000 Active 167 DOM
  34. 2026-10-05
    days on market $285,000 Active 166 DOM
  35. 2026-10-04
    days on market $285,000 Active 165 DOM
  36. 2026-10-04
    days on market $285,000 Active 164 DOM
  37. 2026-10-02
    days on market $285,000 Active 163 DOM
  38. 2026-10-01
    days on market $285,000 Active 162 DOM
  39. 2026-09-30
    days on market $285,000 Active 161 DOM
  40. 2026-09-29
    days on market $285,000 Active 160 DOM
  41. 2026-09-28
    days on market $285,000 Active 159 DOM
  42. 2026-09-27
    days on market $285,000 Active 158 DOM
  43. 2026-09-26
    days on market $285,000 Active 157 DOM
  44. 2026-09-25
    days on market $285,000 Active 156 DOM
  45. 2026-09-24
    days on market $285,000 Active 155 DOM
  46. 2026-09-23
    days on market $285,000 Active 154 DOM
  47. 2026-09-22
    days on market $285,000 Active 153 DOM
  48. 2026-09-21
    days on market $285,000 Active 152 DOM
  49. 2026-09-19
    days on market $285,000 Active 150 DOM
  50. 2026-09-18
    days on market $285,000 Active 149 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
$27,498
− Mortgage interest
−$15,964
− Property taxes
−$3,653
− Insurance
−$1,425
− Repairs & maintenance
−$2,200
− Management
−$2,200
− HOA
−$3,384
− Depreciation
−$8,291
Taxable loss
−$9,618
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,308
After-tax cash flow
$-2,364/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%
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…