The D.C. area claims some of the highest returns-on-investment (81.2 percent) and highest percentage of sales that are flips according to Attom Data Solutions. Investors are now looking to D.C.’s up-and-coming neighborhoods.
Fairfax-based Walnut Street Finance, which specializes in renovation financing, points to Northeast neighborhoods like H Street, Edgewood and Eckington and Petworth in Northwest.
Trinidad, nestled against the edge of the U.S. National Arboretum, east of Gallaudet University and bounded by West Virginia Avenue and Bladensburg Road, is another up-and-coming neighborhood. Another hot neighborhood is Deanwood, where 30 percent of homes are now selling above the list price.
Northeast neighborhoods of Mayfair and Hillbrook, next to Anacostia Park, have seen their values jumped as much as 20 percent in the first half of 2017.
In short, the northeast area of Washington D.C. is where investors should be putting their money for a high return-on-investment.