11990 Market St UNIT 1616, Reston, VA, 20190 | 7.97% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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11990 Market St UNIT 1616, Reston, VA, 20190 | 7.97% Rental Yield | Ziffy

Off market

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

Rental property for sale in Reston at 11990 Market St UNIT 1616, Reston, VA, 20190 generates $3,017/mo in rent, after a $2,224/mo payment. Total monthly income is $3,017/mo. Return on cash invested sits at 15.2% in year one, and rental yield is 7.97% on a $454,460 entry. Equity gained on principal adds $2,933/yr, while 5% annual appreciation builds toward $125,559 over five years. Five-year ROI reaches 79.89% and total cumulative return in cash sums $120,350. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,017/mo property income rather than buyer’s personal income.

Condo

Built in 2006

N/A lot

$N/A/sqft

$730 monthly HOA

More details about the property

Affordable and unique in the only luxury high rise in Reston Town Center! WELCOME TO Midtown at Reston Town Center! Rarely available 16th floor location means extra special features including in this condo, rare 10 FOOT CEILINGS! This freshly painted condo features two balconies where you can enjoy summer sunsets as well as a luscious Northern view*Hardwood floors adorn the main living areas while carpet has been newly installed in primary bedroom and office (which can also be used as a second bedroom)*Custom primary closet built-ins! Enjoy 2 luxury full bathrooms*The kitchen offers granite counters and Stainless Steel GE Profile appliances! Washer & Dryer in the unit!1 underground parking space conveys too! Midtown offers loads of amenities such as private movie theater, 24/7 concierge, fitness center, and conference room! Not to mention catering kitchens for wonderful gatherings in the Great Room. Plus...Pool and hot tub! And The location can't be beat! Step outside Midtown to fine dining, shops, a park across the street, Movie theater, skating rink, W&OD Trail is one block. Dulles Airport less than 10 mins. Silver Line Reston Town Center metro open. Electricity and internet/cable are the only utilities you will need to pay for. Water and gas are included.

Neighborhood Data

Neighborhood data shown for ZIP Code: 20190, Reston, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,925 (100%)
Owner Occupied HU	5,243 (40.6%)
Renter Occupied HU	6,438 (49.8%)
Vacant Housing Units	1,244 ( 9.6%)
Median Home Value	$712,052
Average Home Value	$841,593