1536 Northgate Sq APT 22A, Reston, VA, 20190 | $164/mo Cash Flow

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1536 Northgate Sq APT 22A, Reston, VA, 20190 | $164/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

Investment property for sale in Reston at 1536 Northgate Sq APT 22A, Reston, VA, 20190 listed at $232,000 pairs $1,551/mo rent with a $1,136/mo payment to leave $164/mo cash flow. Total monthly income runs $1,551/mo, and annual cash flow reaches $1,964/yr on $76,908 cash to close. Return on cash invested measures 22.46% in year one, and rental yield registers 8.02% at a $232,000 basis. Equity gained on principal adds $1,497/yr, and annual property appreciation at 5% supports $64,097 by year five. Five-year ROI tracks 116.27% and total cumulative return in cash totals $89,423. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,551/mo property income relative to a $1,136/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1971

N/A lot

$N/A/sqft

No HOA

More details about the property

***UPDATED PHOTOS COMING SOON*** Welcome to Northgate Condominiums, where comfort and convenience meet. This beautifully updated home has been recently updated with fresh paint throughout, new carpet, newly installed quartz kitchen countertops, microwave & a new stove. The bathroom features tile flooring, replacement vanity & countertop. Double-paned vinyl windows and slider. Air Handler Replaced in 2020. Enjoy a serene view of the surrounding trees & Reston Walking Trails 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. SELLER RESERVES THE RIGHT TO ACCEPT ANY OFFER AT ANY TIME.

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