197 Martin LnAlexandriaVA22304
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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 Alexandria at 197 Martin Ln, Alexandria, VA, 22304 offers $2,760/mo rent that, after a $3,500/mo payment. Total monthly income is $2,760/mo. Return on cash invested measures 12.33% in year one, and rental yield stands at 4.63% at a $715,000 entry. Equity gained on principal adds $4,614/yr while 5% annual appreciation compounds into $197,541 by year five. Five-year ROI records 61.92% and total cumulative return in cash reaches $145,653. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,760/mo property income versus a $3,500/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22304, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,314 (100%) |
| Owner Occupied HU | 9,329 (38.4%) |
| Renter Occupied HU | 13,537 (55.7%) |
| Vacant Housing Units | 1,448 ( 6.0%) |
| Median Home Value | $544,734 |
| Average Home Value | $667,328 |
Housing Distribution
Address Breakdown
Residential
24,318
Single Family
7,798
Multi-Family
16,520
Businesses
1,185
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Listed by: Deborah Davis • RE/MAX Allegiance
Mls Name: Bright MLS
Mls ID: #VAAX2053024