2311 Pimmit Dr APT 1214Falls ChurchVA22043
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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 Falls Church at 2311 Pimmit Dr APT 1214, Falls Church, VA, 22043 offers a 10.14% rental yield on a $320,000 purchase with $2,704/mo rent. Total monthly income registers $2,704/mo, and a $1,566/mo payment leaves $791/mo available for distribution. Annual cash flow reaches $9,496/yr on $106,080 to close, and return on cash invested stands at 28.86% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 150.6% and total cumulative return in cash at $159,759. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,704/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,595
Single Family
6,685
Multi-Family
2,910
Businesses
336
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Listed by: Carmen Olarte • American Homes Realty, Inc.
Mls Name: Bright MLS
Mls ID: #VAFX2285060