2237 Farrington Ave #6-204AlexandriaVA22303
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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
Investment property for sale in Alexandria at 2237 Farrington Ave #6-204, Alexandria, VA, 22303 uses $58,013 cash to close to unlock $3,941/yr annual cash flow and $328/mo monthly cash flow. Total monthly income runs $1,375/mo, and a $857/mo payment keeps the spread at $328/mo. Purchase price stands at $175,000, and rental yield measures 9.43% with $1,375/mo rent. Return on cash invested shows 26.7% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 139.04% and total cumulative return in cash records $80,659. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,375/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22303, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,866 (100%) |
| Owner Occupied HU | 3,451 (38.9%) |
| Renter Occupied HU | 4,752 (53.6%) |
| Vacant Housing Units | 663 ( 7.5%) |
| Median Home Value | $671,682 |
| Average Home Value | $785,105 |
Housing Distribution
Address Breakdown
Residential
8,528
Single Family
3,234
Multi-Family
5,294
Businesses
279
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Listed by: Tuan Vo • Proplocate Realty, LLC
Mls Name: Bright MLS
Mls ID: #VAFX2276168