206 Skyhill Rd APT 6, Alexandria, VA, 22314 | $1,225/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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206 Skyhill Rd APT 6, Alexandria, VA, 22314 | $1,225/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 206 Skyhill Rd APT 6, Alexandria, VA, 22314 offers a 11.44% rental yield on a $345,000 purchase with $3,288/mo rent. Total monthly income registers $3,288/mo, and a $1,689/mo payment leaves $1,225/mo available for distribution. Annual cash flow reaches $14,703/yr on $114,368 to close, and return on cash invested stands at 32.76% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 171.52% and total cumulative return in cash at $196,168. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,288/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1959

N/A lot

$N/A/sqft

No HOA

More details about the property

206 Skyhill Rd offers the best benefits of condo living, and it is VA & FHA Loan approved! The amazing location positions you near commuting options, entertainment, and shopping. The private entrance and private patio provides a neighborly feel without the high-rise atmosphere. Mature landscaping greets you as you walk to your new home, situated off the road for peace and quiet as you enter this turn-key property. Meticulous care and thoughtful renovations are the first things you'll notice with newer carpets, remodeled kitchen and bathroom spaces, newer windows and sliding doors, and "The Container Store" Alpha closet organizers make the space functional and appealing. The washer and dryer in unit, plus the indoor storage area one floor below, ensures this space provides checks all the boxes. The Condo Association fee includes 1 parking pass, gas, water /water heating, and trash; you pay for internet, cable, and electricity. HVAC: 2024 | Carpet: 2024 | Modern sliding door/windows | Modernized kitchen & bathroom

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