181 E Reed Ave APT 204, Alexandria, VA, 22305 | $359/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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181 E Reed Ave APT 204, Alexandria, VA, 22305 | $359/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

Rental property for sale in Alexandria at 181 E Reed Ave APT 204, Alexandria, VA, 22305 generates $3,736/mo in rent and, after a $2,765/mo payment, leaves $359/mo in cash flow. Total monthly income is $3,736/mo, and annual cash flow is $4,307/yr on $185,885 invested. Return on cash invested sits at 22.38% in year one, and rental yield is 7.93% on a $564,999 entry. Equity gained on principal adds $3,646/yr, while 5% annual appreciation builds toward $156,099 over five years. Five-year ROI reaches 115.76% and total cumulative return in cash sums $215,175. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,736/mo property income rather than buyer’s personal income.

Condo

Built in 2003

N/A lot

$N/A/sqft

No HOA

More details about the property

**ALL OFFERS DUE BY/BEFORE 5 pm on TUES 8/12**** This beautifully renovated, open layout, 2-bedroom 2-bathroom condo, with 2 assigned parking spaces in The Preston, offers modern living with exceptional convenience & walkability in the heart of Alexandria! Hardwood Floors Throughout! NEWLY RENOVATED: HVAC 2022, Hot Water Heater and LG stackable W/D 2023, Primary bathroom updated with modern finishes 2023! Tons of natural light radiates through this open concept layout to highlight the large center kitchen island, 9' ceilings, granite counters, ample storage, and spacious bedrooms, each with their own bathroom! Also includes wrap around balcony off the living room for a spacious outdoor retreat! Residents enjoy a wealth of building amenities, including a fitness center, community lounge areas, club house w/full kitchen, additional storage unit, secured garage parking, outdoor space on the Private balcony off living room w/garden views, & community rooftop available for multiple getaways perfect for relaxing outdoors! Walk to the Potomac Yard Metro (Blue/Yellow Lines), or to get groceries at Amazon Fresh, Total Wine, Best Buy & Target all immediately across the street! Regan National Airport only 2.3 miles away, be in DC in 10 mins, Old Town Alexandria shopping/dining only a few miles down the street, and walk to restaurants in Del Ray which is right around the corner! Experience the best of modern living in a neighborhood that prioritizes convenience, community, and quality of life- YOU. ARE.HOME!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22305, Alexandria, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,036 (100%)
Owner Occupied HU	2,650 (37.7%)
Renter Occupied HU	4,043 (57.5%)
Vacant Housing Units	343 ( 4.9%)
Median Home Value	$855,894
Average Home Value	$944,787