200 N Pickett St APT 313, Alexandria, VA, 22304 | $822/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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200 N Pickett St APT 313, Alexandria, VA, 22304 | $822/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 200 N Pickett St APT 313, Alexandria, VA, 22304 earns $822/mo cash flow from $2,705/mo rent with a $1,542/mo payment. Total monthly income totals $2,705/mo, and annual cash flow totals $9,861/yr on $104,423 capital. ROI tracks 29.35% on current figures, and rental yield reads 10.3% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 153.21% and total cumulative return in cash sums $159,989. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,705/mo property income instead of your personal income.

Condo

Built in 1975

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to The Hallmark! This spacious and well-maintained 2-bedroom, 2-bath condo offers 1,160 sq. ft. of comfortable living with serene views of the pool and tennis courts. A large glass sliding door floods the living space with natural light and opens to a spacious balconyperfect for outdoor seating and relaxation. Inside, the bright interior features granite counters, stainless steel appliances, and tile floors in the kitchen, entry, and bathrooms, complemented by neutral paint and carpet throughout. Enjoy the convenience of an in-unit washer and dryer, plus a primary suite with walk-in closet and en-suite bath. Priced lower than the competition, this condo is a fantastic opportunity for both homeowners and investors. Even better, new windows and a new sliding glass door are scheduled for installation in November 2025, with the Seller covering the special assessment at closing. The Hallmark offers outstanding amenities including an outdoor pool, tennis courts, exercise room, extra storage, jogging/walking path, party room, security, and even newspaper service. Condo fees include wateryour only utility is electric. The location cant be beat: just steps to CVS, Beatley Library, All Veterans Park, Holmes Run Greenway, Ben Brenman Park, a dog park, Harris Teeter, Aldi, and new WestEnd redevelopment. Commuting is easy with Van Dorn Metro, I-395, Old Town, the Pentagon, DC, and National Harbor all just minutes away.

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