Best Rental Opportunities in the DMV Area

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Best Rental Opportunities in the DMV Area

Daniel Yang
New to Real Estate · DMV · Member since 2020 · 2 posts · 0 votes

Hey all, I'll be moving to the DMV area to start work in the spring and have been looking to purchase my first home for the past few months. Currently looking to house hack a single family home with an ADU basement and have been primarily focused on the SE DC area due to its relative affordability, yet still proximity to the city, particularly areas near metro (mainly looking at Benning, Capitol Heights, Anacostia, Deanwood).

Would love to hear other local investor/property managers' opinions on these areas for investment, as I've honestly never visited, as well as general tips on the area. I'm also open to looking into other more cash-flow focused rental properties in the greater DMV area, just to get as much exposure as possible early on in my real estate endeavors, so would appreciate any sort of insight/would love to speak with anyone willing! Thanks!

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Russell BrazilBusiness Member
Moderator
Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
5y

I like Deanwood/Benning Rd area quite a bit. Anacostia has the highest appreciation in the city like 5 years straight. Finding a property though EOTR, East of the River, with an ADU will be tough. Most ADUs are on the west side of the river. Id also say, if you are not familiar with the DC area, you are going to want to do some exploring when you get here. Those areas are half the price of the other side of the river for a reason. Incomes are drastically lower on the east side of the river.

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  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    5y

    I like Deanwood/Benning Rd area quite a bit. Anacostia has the highest appreciation in the city like 5 years straight. Finding a property though EOTR, East of the River, with an ADU will be tough. Most ADUs are on the west side of the river. Id also say, if you are not familiar with the DC area, you are going to want to do some exploring when you get here. Those areas are half the price of the other side of the river for a reason. Incomes are drastically lower on the east side of the river.

    [email protected]301-893-4635Podcast Guest on Show #192
    District Invest Group546 Reviews
    WebsiteView Page
    2Reply
  • Cassidy BurnsBusiness Member
    Investor · Alexandria, VA · Member since 2016 · 859 posts · 460 votes
    5y

    @Daniel Yang welcome.  Remember, if you are wanting to house hack, you have to be able to fill the rooms to be successful .  My personal opinion, is concentrate on areas that are already established in terms of rental rates that people will want to share a room in.  You can live in NW DC For around $1,000-$1,300 for a room , I wouldn't want to compete with that.  In DC, if it's cheap, it's for a reason.  

    [email protected]540-960-1507
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  • Mark Cruse
    Investor · Fort Washington, MD · Member since 2014 · 1k+ posts · 1k+ votes
    5y

    Several of those areas you named have high crime rates. You have to bake that into the mix. If you are at ease in regards to navigating some of that, you have to consider the notion that it could be more difficult to get quality renters that you would be willing to share a home with. There could be a sizable pool of house hacks that could be standoffish due to stigma. Higher the risk the higher reward but I suggest you evaluate all of this and visit each area several times to see if it fits. 

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  • Jack Seiden
    Real Estate Agent · Washington DC · Member since 2016 · 847 posts · 654 votes
    5y

    I’d rather house hack in pg county or even some parts of Montgomery County at this point. This is obviously subjective but I find eotr outside of anacostia to be the worst value in the area. Your paying a premium to live in the city with none of the advantages like bars and restaurants.

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