1600 Spring Gate Dr UNIT 2204Mc 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
Rental property for sale in Mc Lean at 1600 Spring Gate Dr UNIT 2204, Mc Lean, VA, 22102 generates $3,600/mo in rent and, after a $2,789/mo payment, leaves $194/mo in cash flow. Total monthly income is $3,600/mo, and annual cash flow is $2,323/yr on $187,497 invested. Return on cash invested sits at 21.3% in year one, and rental yield is 7.58% on a $569,900 entry. Equity gained on principal adds $3,677/yr, while 5% annual appreciation builds toward $157,453 over five years. Five-year ROI reaches 109.98% and total cumulative return in cash sums $206,214. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,600/mo property income rather than buyer’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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