115 E Spring StAlexandriaVA22301
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Nearby investment properties with comparable prices
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
Investment property for sale in Alexandria at 115 E Spring St, Alexandria, VA, 22301 listed at $1,695,000 pairs $6,546/mo rent with a $8,296/mo payment. Total monthly income runs $6,546/mo. Return on cash invested measures 12.53% in year one, and rental yield registers 4.63% at a $1,695,000 basis. Equity gained on principal adds $10,938/yr, and annual property appreciation at 5% supports $468,297 by year five. Five-year ROI tracks 62.91% and total cumulative return in cash totals $345,477. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,546/mo property income relative to a $8,296/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
4,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22301, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,685 (100%) |
| Owner Occupied HU | 4,090 (53.2%) |
| Renter Occupied HU | 2,740 (35.7%) |
| Vacant Housing Units | 855 (11.1%) |
| Median Home Value | $1,016,075 |
| Average Home Value | $1,118,677 |
Housing Distribution
Address Breakdown
Residential
6,777
Single Family
4,622
Multi-Family
2,155
Businesses
304
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Listed by: Maria Forman • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #VAAX2043086