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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Fairfax at 12938 Grays Pointe Rd #12938A, Fairfax, VA, 22033 uses $99,450 cash to close to unlock $2,856/yr annual cash flow and $238/mo monthly cash flow. Total monthly income runs $2,342/mo, and a $1,468/mo payment keeps the spread at $238/mo. Purchase price stands at $300,000, and rental yield measures 9.37% with $2,342/mo rent. Return on cash invested shows 22.78% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 119.31% and total cumulative return in cash records $118,656. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,342/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22033, Fairfax, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,967 (100%) |
| Owner Occupied HU | 10,139 (59.8%) |
| Renter Occupied HU | 5,945 (35.0%) |
| Vacant Housing Units | 883 ( 5.2%) |
| Median Home Value | $706,258 |
| Average Home Value | $786,292 |
Residential
16,396
Single Family
10,741
Multi-Family
5,655
Businesses
849
Date | Event | Price |
|---|---|---|
| 2024-10-05 | Listed for sale | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Joan Reimann • McEnearney Associates, LLC
Mls Name: Bright MLS
Mls Provider:
Mls ID: #VAFX2202200
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc. [Click here for more information](/info/mls-disclaimers/#mls_5632)
