Fri. Afternoon Rental Option – Petworth

409 Varnum Street Northwest

This rental is located at 409 Varnum Street, Northwest. The listing says:

“Renovated Petworth row home FOR RENT w/ ALL UTILITIES + MORE INCLUDED – available NOVEMBER. Upper two levels for rent (basement currently occupied). 3BR/2.5BA. High ceilings, excellent finishes and exposed brick accents. Large master suite w/ 3 closets. Back deck + spacious yard. ONE secure off-street parking space. Petworth Metro nearby (0.6 mi). Rent also incl: yard care, parking, alarm service.”

You can see more photos here.

This 3 bed/2.5 bath is going for $3,400/Mo.

14 Comment

  • That kitchen is amazing. I really like the unit and it is a good deal for that location, I think. Especially with the alarm service, parking and utilities thrown in. My one nitpick is that there is no way that the 10 blocks to the Petworth Metro is .6 miles.

  • damn there goes the rent in petworth!

  • palisades

    I feel like you could easily sneak a 4th person in here and make it even cheaper. This place seems like a great deal

  • OP from yesterday who felt he was discriminated against should get three other people together and rent this place.

  • That place was on the market for 2 or 3 months in the mid to high $700K range (supposedly another ‘Petworth Green Home’, and in the end I don’t think it sold. Though I suppose an investor could have purchased it for the rental opportunity.

  • If you were to use the monthly mortgage as the fair rental rate, then it’s over priced by a thousand dollars.

    • How so? If they bought this for 750K, and put 20% down then their mortgage would be right around what they are charging for rent. I think this is a great deal for that price.

    • Why would you do that?

      • +1. The pricing of a rental should be in accord with pricing for comparable rentals.
        I can understand if people who have monthly mortgage/carrying costs that are MORE than the going rate are tempted to charge more for their rentals (although it’s unwise for them to do so)… but there is no good reason why someone should charge ONLY the mortgage cost. In order to get that low monthly rate, the buyer has to put down a pretty large chunk of cash.

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