1600 Spring Gate Dr UNIT 2202, Mc Lean, VA, 22102 | $213/mo Cash Flow

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1600 Spring Gate Dr UNIT 2202, Mc Lean, VA, 22102 | $213/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

Investment property for sale in Mc Lean at 1600 Spring Gate Dr UNIT 2202, Mc Lean, VA, 22102 listed at $499,500 pairs $3,199/mo rent with a $2,445/mo payment to leave $213/mo cash flow. Total monthly income runs $3,199/mo, and annual cash flow reaches $2,554/yr on $165,584 cash to close. Return on cash invested measures 21.45% in year one, and rental yield registers 7.69% at a $499,500 basis. Equity gained on principal adds $3,223/yr, and annual property appreciation at 5% supports $138,003 by year five. Five-year ROI tracks 110.83% and total cumulative return in cash totals $183,523. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,199/mo property income relative to a $2,445/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1997

N/A lot

$N/A/sqft

No HOA

More details about the property

Experience resort-style living in this beautifully maintained and spacious end-unit condo, perfectly positioned on the second floor of the highly sought-after Gates of McLean community. This inviting home features two generously sized bedrooms with elegant laminate hardwood flooring and two full bathrooms, including a private en-suite in the primary suite. The kitchen is equipped with recently installed stainless steel appliances and a cozy eat-in area, ideal for casual dining. An oversized living room extends to a large private balconyperfect for both relaxing and entertaining. Additional highlights include one assigned parking space and abundant guest parking. Residents of this gated community enjoy a wide array of amenities such as walking trails, a play area, basketball court, BBQ grill area, and a large outdoor pool. The clubhouse offers an exercise room, sauna, showers, and a business centersupporting wellness, productivity, and leisure. Conveniently located near the community center, this condo offers unparalleled access to the Silver Line Metro Station, Wegmans, Tysons Corner Mall, Capital One, MITRE, Rt-123, I-495, and the Dulles Toll Road. Whether you're a professional, a small family, or seeking low-maintenance luxury living, this move-in-ready home delivers comfort, convenience, and an exceptional location. The condo fee includes access to all amenities, water, and trash service.

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