2311 Pimmit Dr APT 701, Falls Church, VA, 22043 | $746/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2311 Pimmit Dr APT 701, Falls Church, VA, 22043 | $746/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 2311 Pimmit Dr APT 701, Falls Church, VA, 22043 uses $108,566 cash to close to unlock $8,955/yr annual cash flow and $746/mo monthly cash flow. Total monthly income runs $2,704/mo, and a $1,603/mo payment keeps the spread at $746/mo. Purchase price stands at $327,500, and rental yield measures 9.91% with $2,704/mo rent. Return on cash invested shows 28.16% in year one, and 5% annual appreciation builds toward $90,482 over five years. Five-year ROI reaches 146.84% and total cumulative return in cash records $159,414. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,704/mo property income covering a $1,603/mo payment rather than investor’s personal income.

Condo

Built in 1974

N/A lot

$N/A/sqft

No HOA

More details about the property

Great location and amenities in an exceptional condominium community! Unit 701 enjoys a pleasant SW-facing view overlooking trees and the swimming pool. Updates include: Kitchen remodeled 2018, windows 2019, one HVAC 2020, paint and carpet 2025. Extra assigned storage comes with this unit--B-570. 24-hour front desk. All utilities--except cable and internet--included in condo fee. Condo Amenities include outdoor pool, tennis, tot lots, fitness center, outdoor grills and more. Metro Bus Stop in front of the building goes to West Falls Church Metro Station. Short drives to Trader Joe's, Tysons Corner, Mosaic District, an abundance of shops and restaurants, I-495, I-66 and Dulles and Reagan National Airports. Ample parking for residents and visitors!

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