1434 Northgate Sq UNIT 34/21B, Reston, VA, 20190 | $709/mo Cash Flow

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1434 Northgate Sq UNIT 34/21B, Reston, VA, 20190 | $709/mo Cash Flow | Ziffy

For Sale

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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 1434 Northgate Sq UNIT 34/21B, Reston, VA, 20190 generates $2,652/mo in rent and, after a $1,591/mo payment, leaves $709/mo in cash flow. Total monthly income is $2,652/mo, and annual cash flow is $8,507/yr on $107,738 invested. Return on cash invested sits at 27.8% in year one, and rental yield is 9.79% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 144.9% and total cumulative return in cash sums $156,109. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,652/mo property income rather than buyer’s personal income.

Condo

Built in 1971

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Northgate Condominiums, where comfort and convenience meet. This beautifully maintained home has been recently updated with new paint & new carpet throughout. This top floor unit features a wood burning fireplace (a rare amenity at Northgate!) The bathrooms feature tile flooring, replacement vanities & countertops. Double-paned vinyl windows and slider. HVAC Air Handler Replaced in 2021. Washer/Dryer replaced in 2022. Enjoy a serene view of the surrounding trees from your unit. With a monthly condo fee that includes all utilitieswater, gas, heating, air conditioning, electricity, sewer, and trashyou only need to worry about internet and cable, making living here hassle-free. As a resident, youll have access to Reston Association amenities, including parks, swimming pools, and various outdoor recreational opportunities. Conveniently located just half a mile from the Lake Anne Shopping District, 1.5 miles from the Wiehle-Reston Metro station, and 2 miles from Reston Town Center, this condo offers the perfect blend of tranquility and urban convenience. Easy access to Dulles Toll Road, Route 28, Route 7 & Fairfax County Parkway. Northgate Condominiums offer a modern, convenient lifestyle in a prime location. Dont miss the chance to make this beautifully updated home yours! Offers are submitted to the sellers as they are received.

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