1016 S Wayne St APT 604ArlingtonVA22204
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Arlington at 1016 S Wayne St APT 604, Arlington, VA, 22204 generates $3,101/mo in rent, after a $2,839/mo payment. Total monthly income is $3,101/mo. Return on cash invested sits at 17.76% in year one, and rental yield is 6.42% on a $580,000 entry. Equity gained on principal adds $3,743/yr, while 5% annual appreciation builds toward $160,243 over five years. Five-year ROI reaches 90.99% and total cumulative return in cash sums $173,625. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,101/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22204, Arlington, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,067 (100%) |
| Owner Occupied HU | 8,890 (36.9%) |
| Renter Occupied HU | 14,041 (58.3%) |
| Vacant Housing Units | 1,136 ( 4.7%) |
| Median Home Value | $765,775 |
| Average Home Value | $817,280 |
Housing Distribution
Address Breakdown
Residential
23,537
Single Family
8,604
Multi-Family
14,933
Businesses
782
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