1620 W Abingdon Dr APT 301, Alexandria, VA, 22314 | $839/mo Cash Flow

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1620 W Abingdon Dr APT 301, Alexandria, VA, 22314 | $839/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 Alexandria at 1620 W Abingdon Dr APT 301, Alexandria, VA, 22314 offers a 10.71% rental yield on a $284,900 purchase with $2,542/mo rent. Total monthly income registers $2,542/mo, and a $1,394/mo payment leaves $839/mo available for distribution. Annual cash flow reaches $10,072/yr on $94,444 to close, and return on cash invested stands at 30.57% in year one. Equity gained on principal adds $1,838/yr while 5% annual appreciation supports $78,713 over five years. Portfolio math shows five-year ROI at 159.78% and total cumulative return in cash at $150,899. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,542/mo property income against a $1,394/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1942

N/A lot

$N/A/sqft

No HOA

More details about the property

This charming one bedroom, one-bath condo in the desirable Potowmack Crossing community of Alexandria. As a third-floor unit, fantastic natural light streaming in highlights the easy-to-care-for parquet wood flooring throughout. Clever built-ins and four generously sized closets provide an exceptional amount of storage. The modern kitchen with stone flooring, boasts stainless steel appliances (refrigerator, microwave, electric range and dishwasher) and a front-loading washer and dryer in the unit make laundry day hassle-free. The community provides excellent amenities, including a clubhouse, exercise room, party room for hosting gatherings, an outdoor pool, tennis courts and picnic areas. Unassigned onsite parking is conveniently located near each building. Its prime location puts this home just minutes from everything - historic Old Town Alexandria, the vibrant Del Ray community and major hubs like Amazon HQ2, National Airport and the Braddock Metro Station. Experience the best of Alexandria living in this great value in a highly sought-after location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22314, Alexandria, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,331 (100%)
Owner Occupied HU	9,049 (37.2%)
Renter Occupied HU	12,678 (52.1%)
Vacant Housing Units	2,604 (10.7%)
Median Home Value	$961,850
Average Home Value	$1,048,390