1706 Dewitt Ave APT A, Alexandria, VA, 22301 | $463/mo Cash Flow

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1706 Dewitt Ave APT A, Alexandria, VA, 22301 | $463/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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 1706 Dewitt Ave APT A, Alexandria, VA, 22301 listed at $269,900 pairs $2,076/mo rent with a $1,321/mo payment to leave $463/mo cash flow. Total monthly income runs $2,076/mo, and annual cash flow reaches $5,551/yr on $89,472 cash to close. Return on cash invested measures 26.11% in year one, and rental yield registers 9.23% at a $269,900 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,568 by year five. Five-year ROI tracks 135.86% and total cumulative return in cash totals $121,554. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,076/mo property income relative to a $1,321/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1940

N/A lot

$N/A/sqft

No HOA

More details about the property

Updated 1 BR main level condo unit in the heart of Del Ray. Alexandria Square is a small condominium complex with 9 low-rise, garden tyle buildings and only 78 units. Private, off-street parking lot for residents, walking to Del Ray's main shopping and restaurant district, and only minutes to Old Town Alexandria and main commuter routes. Laundry room is in the building and this unit also has a large, secured storage unit in the basement level. New closet system in the bedroom, new HVAC, freshly painted interior. Open and bright unit with low monthly condo fees. Plans approved and work is in progress for the outdoor balcony/covered deck above the main entrance of each buildings. The seller paid the assessment for this work in full and in advanced so the new owner has no further obligation just to enjoy the fresh new look when its completed.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22301, Alexandria, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,685 (100%)
Owner Occupied HU	4,090 (53.2%)
Renter Occupied HU	2,740 (35.7%)
Vacant Housing Units	855 (11.1%)
Median Home Value	$1,016,075
Average Home Value	$1,118,677

Housing Distribution

Address Breakdown

Residential

6,777

Single Family

4,622

Multi-Family

2,155

Businesses

304

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1940
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Unassigned, Private, Parking Space Conveys, Off Street, Parking Lot

Location

City: Alexandria
State: VA
Subdivision: N/A
Lot Size: N/A
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Anita Vida-D'Antonio • Compass

Mls Name: Bright MLS

Mls ID: #VAAX2050540

1706 Dewitt Ave APT A,Alexandria,VA,22301

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

1706 Dewitt Ave APT AAlexandriaVA22301