117 E Glebe Rd APT BAlexandriaVA22305
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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
Investment property for sale in Alexandria at 117 E Glebe Rd APT B, Alexandria, VA, 22305 offers a 9.89% rental yield on a $349,900 purchase with $2,884/mo rent. Total monthly income registers $2,884/mo, and a $1,713/mo payment leaves $792/mo available for distribution. Annual cash flow reaches $9,503/yr on $115,992 to close, and return on cash invested stands at 28.1% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 146.49% and total cumulative return in cash at $169,914. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,884/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22305, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,036 (100%) |
| Owner Occupied HU | 2,650 (37.7%) |
| Renter Occupied HU | 4,043 (57.5%) |
| Vacant Housing Units | 343 ( 4.9%) |
| Median Home Value | $855,894 |
| Average Home Value | $944,787 |
Housing Distribution
Address Breakdown
Residential
7,497
Single Family
3,608
Multi-Family
3,889
Businesses
200
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Listed by: Alexandra Garrison • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #VAAX2050870