1511 N Point Dr APT 304, Reston, VA, 20194 | $719/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1511 N Point Dr APT 304, Reston, VA, 20194 | $719/mo Cash Flow | Ziffy

For Sale

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 1511 N Point Dr APT 304, Reston, VA, 20194 generates $3,020/mo in rent and, after a $1,884/mo payment, leaves $719/mo in cash flow. Total monthly income is $3,020/mo, and annual cash flow is $8,627/yr on $127,628 invested. Return on cash invested sits at 26.67% in year one, and rental yield is 9.41% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 138.81% and total cumulative return in cash sums $177,154. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,020/mo property income rather than buyer’s personal income.

Condo

Built in 1999

N/A lot

$N/A/sqft

No HOA

More details about the property

Priced below tax assessed value! Instant equity! Come home to this spacious condo - an oasis in the trees! Enjoy top-level living with vaulted ceilings, granite countertops, and upgraded LVP flooring. Over $20k in recent upgrades, including HVAC (2023), water heater (2023), washer (2025), and fresh paint throughout (2025). Two master suites and a bright open floor plan make it the perfect layout. Relax on the balcony or walk to North Point Village Center. Easy access to the Silver Line Metro and use of all Reston Association amenities. Enjoy Reston Town Center proximity without the high cost!

Neighborhood Data

Neighborhood data shown for ZIP Code: 20194, Reston, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,894 (100%)
Owner Occupied HU	4,113 (69.8%)
Renter Occupied HU	1,545 (26.2%)
Vacant Housing Units	236 ( 4.0%)
Median Home Value	$880,380
Average Home Value	$924,169