2300 Pimmit Dr APT 919, Falls Church, VA, 22043 | $1,197/mo Cash Flow

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2300 Pimmit Dr APT 919, Falls Church, VA, 22043 | $1,197/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 Falls Church at 2300 Pimmit Dr APT 919, Falls Church, VA, 22043 earns $1,197/mo cash flow from $2,987/mo rent with a $1,466/mo payment. Total monthly income totals $2,987/mo, and annual cash flow totals $14,358/yr on $99,284 capital. ROI tracks 34.37% on current figures, and rental yield reads 11.97% at a $299,500 purchase. Equity gained on principal adds $1,933/yr, and 5% annual appreciation supports $82,746 over five years. Five-year ROI reaches 180.15% and total cumulative return in cash sums $178,859. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,987/mo property income instead of your personal income.

Condo

Built in 1974

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautifully remodeled 2-bedroom, 2 bath unit in the Idylwood Towers condominium. 1,182 sq ft of living space with floor-to-ceiling windows and a balcony. Includes an in-unit washer and dryer, storage room, and plenty of parking. Condo fee includes all utilities (giving you a predictable monthly utility cost) and homeowner's insurance, as well as all community amenities such as an outside pool with sundeck and BBQ areas, exercise rooms, tennis courts, basketball courts, party rooms, playground and extensive grounds. The building has controlled access entry with a 24-hour receptionist. There is an onsite maintenance program you can participate in for common repairs and maintenance items. Idylwood Towers is centrally located in the Tysons Corner area of Falls Church (Fairfax County) about one mile from the West Falls Church metro station. Metro Bus 3T passes the buildings frequently and you can expect a 5-minute ride to the metro. Idylwood Towers is a short distance to Whole Foods, Peets, Trader Joes, Starbucks and other stores and restaurants. Easy access to I-66, I-495, Rt 7, Rt 267, airports, Tysons Corner, and downtown Washington DC.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22043, Falls Church, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,770 (100%)
Owner Occupied HU	5,794 (59.3%)
Renter Occupied HU	3,492 (35.7%)
Vacant Housing Units	484 ( 5.0%)
Median Home Value	$1,022,596
Average Home Value	$1,108,320