229 N George Mason Dr APT 1, Arlington, VA, 22203 | $297/mo Cash Flow

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229 N George Mason Dr APT 1, Arlington, VA, 22203 | $297/mo Cash Flow | Ziffy

Off market

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 Arlington at 229 N George Mason Dr APT 1, Arlington, VA, 22203 listed at $242,000 pairs $2,270/mo rent with a $1,184/mo payment to leave $297/mo cash flow. Total monthly income runs $2,270/mo, and annual cash flow reaches $3,560/yr on $80,223 cash to close. Return on cash invested measures 24.35% in year one, and rental yield registers 11.26% at a $242,000 basis. Equity gained on principal adds $1,562/yr, and annual property appreciation at 5% supports $66,860 by year five. Five-year ROI tracks 129.23% and total cumulative return in cash totals $103,674. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,270/mo property income relative to a $1,184/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1940

16.11 Acres lot

$N/A/sqft

$485 monthly HOA

More details about the property

This charming one-bedroom, one-bath unit in a secure building is perfect for a student or young professional. Close to colleges, parks, restaurants, shopping, public transportation, etc. Walk to the Ballston and/or Virginia Square Metro! Hardwood floors, updated kitchen and bath, washer and dryer IN UNIT, partially furnished, on-site fitness center. Cats allowed.Kitchen features new cabinets, granite countertops, built-in wine rack, track lighting, stainless steel fridge, stove, microwave. Bath has updated vanity with unique modern sink, pebble flooring. Lots of storage and closets throughout. Partially furnished: incl. Queen-size sleigh bed, dresser, bedside table & lamps, small table & lamp in living room, dining table and bench. Great North Arlington location! Contact Kenny G. at 240-461-4088 or kenny@wethmangroup.com for more info or to schedule a showing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22203, Arlington, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,261 (100%)
Owner Occupied HU	4,114 (25.3%)
Renter Occupied HU	9,939 (61.1%)
Vacant Housing Units	2,208 (13.6%)
Median Home Value	$855,386
Average Home Value	$890,987