1580 Spring Gate Dr UNIT 4204Mc LeanVA22102
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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
Investment Highlights
Investment property for sale in Mc Lean at 1580 Spring Gate Dr UNIT 4204, Mc Lean, VA, 22102 uses $165,419 cash to close to unlock $1,481/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $3,106/mo, and a $2,442/mo payment keeps the spread at $123/mo. Purchase price stands at $499,000, and rental yield measures 7.47% with $3,106/mo rent. Return on cash invested shows 20.8% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 107.37% and total cumulative return in cash records $177,618. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,106/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22102, Mc Lean, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,960 (100%) |
| Owner Occupied HU | 6,124 (36.1%) |
| Renter Occupied HU | 9,091 (53.6%) |
| Vacant Housing Units | 1,745 (10.3%) |
| Median Home Value | $1,015,271 |
| Average Home Value | $1,112,589 |
Housing Distribution
Address Breakdown
Residential
14,353
Single Family
4,398
Multi-Family
9,955
Businesses
1,682
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