231 N Thomas St UNIT 105, Arlington, VA, 22203 | $1,035/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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231 N Thomas St UNIT 105, Arlington, VA, 22203 | $1,035/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 Arlington at 231 N Thomas St UNIT 105, Arlington, VA, 22203 uses $132,600 cash to close to unlock $12,416/yr annual cash flow and $1,035/mo monthly cash flow. Total monthly income runs $3,426/mo, and a $1,958/mo payment keeps the spread at $1,035/mo. Purchase price stands at $400,000, and rental yield measures 10.28% with $3,426/mo rent. Return on cash invested shows 29.27% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 152.77% and total cumulative return in cash records $202,576. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,426/mo property income covering a $1,958/mo payment rather than investor’s personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

Experience the perfect blend of urban convenience and single-level living in this immaculate 2-bedroom, 2-bathroom condo located in the highly desirable Ballston neighborhood. This first-floor unit is a rare find for accessibility, offering zero stairs from the building entrance directly into your home. The open-concept design is both welcoming and functional, bathed in natural light. The central kitchen is well-appointed with granite countertops, maple cabinetry, and a suite of stainless steel appliances, including a recently upgraded stove and microwave. The expansive living and dining area provides flexible space for entertaining and relaxing, and smoothly transitions to a private, quaint balcony. The primary suite is a true retreat, featuring two spacious closets and an attached en-suite bathroom with a walk-in shower. The second bedroom is generously sized and adjacent to the full hall bathroom. A dedicated laundry area with a full-size in-unit washer and dryer maximizes everyday convenience. This unit is truly turnkey, featuring fresh paint throughout. Major systems have been recently replaced for peace of mind: a New HVAC system (2024) and a New Hot Water Heater (2022). Parking is secured with an assigned parking space (#15). The Gatehouse Condominium is pet-friendly (max 2 pets) and units here seldom become available. The monthly condo fee covers water, sewer, and trash. You cannot beat this location, just 0.6 miles to the premier shopping, dining, and entertainment at Ballston Quarter, and approximately 1 mile from the Ballston-MU Metro Station (Orange/Silver Lines). This is an incredible opportunity for accessible, updated, and convenient living in the heart of Arlington!

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