1062 Knight Ln, Herndon, VA, 20170 | $83/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1062 Knight Ln, Herndon, VA, 20170 | $83/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Herndon at 1062 Knight Ln, Herndon, VA, 20170 listed at $525,000 pairs $3,222/mo rent with a $2,570/mo payment to leave $83/mo cash flow. Total monthly income runs $3,222/mo, and annual cash flow reaches $999/yr on $172,725 cash to close. Return on cash invested measures 20.64% in year one, and rental yield registers 7.36% at a $525,000 basis. Equity gained on principal adds $3,388/yr, and annual property appreciation at 5% supports $145,048 by year five. Five-year ROI tracks 106.45% and total cumulative return in cash totals $183,873. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,222/mo property income relative to a $2,570/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 1974

1,500 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated 3-bedroom, 2.5-bath townhome in sought-after Cavalier Parkover 1,800sqft and completely move-in ready with upgrades from top to bottom! The main level features a traditional, spacious layout with a bright family room adorned with elegant crown molding, chair rail, and wainscoting. Just beyond, the updated kitchen offers maple cabinetry, granite countertops, brand new (2025) stainless steel appliances, and a brand new 2025 sliding glass door leading to the large deck. A convenient pass-through window opens into the formal dining room, complete with a stylish tile counterperfect for serving meals, hosting, or setting up a drink station. The dining room also features crown and chair rail molding along with a modern brushed nickel light fixture. Brushed nickel fixtures continue throughout the home, tying everything together with a polished feel. Enjoy brand new blonde laminate wood flooring throughout the entire main level, and fresh paint across all three levels. Step outside to a freshly stained (2025) deck with stairs leading to the yard, making outdoor dining and pet access effortless. Upstairs, youll find brand new 2025 carpet throughout. The primary bedroom offers dual closets and a ceiling fan with light fixture. Two additional bedrooms provide good closet space, and the updated hall bathroom with tub shower completes the upper level. The fully finished, walkout lower level adds incredible versatility, featuring a fresh carpet, a beautifully updated full bath with a walk-in shower, and a denperfect as a guest space, home office, gym, or playroom. The den opens to the freshly landscaped, fully fenced backyard through another sliding door. The laundry area with brand new 2025 washer and dryer is also located on this level. Parking is a breeze with two assigned spaces located directly outside your front door. Live in the heart of Historic Herndon, just steps to shops, restaurants, bars, the library, and the W&OD Trail. With a Walk Score of 82, this location is a dream for walkers and cyclists. Commuters will love the easy access to Dulles Airport, the Reston Metro, Fairfax County Parkway, Route 28, and Route 7. Community amenities include a swimming pool and tot lot. This is an ideal opportunity to settle into your new home before the new yearschedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 20170, Herndon, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,818 (100%)
Owner Occupied HU	9,048 (65.5%)
Renter Occupied HU	4,292 (31.1%)
Vacant Housing Units	478 ( 3.5%)
Median Home Value	$710,258
Average Home Value	$778,247