2356 Garnett Dr #1AlexandriaVA22311
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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 Alexandria at 2356 Garnett Dr #1, Alexandria, VA, 22311 uses $108,732 cash to close to unlock $3,188/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $2,226/mo, and a $1,605/mo payment keeps the spread at $266/mo. Purchase price stands at $328,000, and rental yield measures 8.14% with $2,226/mo rent. Return on cash invested shows 22.84% in year one, and 5% annual appreciation builds toward $90,620 over five years. Five-year ROI reaches 118.29% and total cumulative return in cash records $128,623. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,226/mo property income covering a $1,605/mo payment rather than investor’s personal income.
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22311, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,409 (100%) |
| Owner Occupied HU | 2,323 (22.3%) |
| Renter Occupied HU | 7,275 (69.9%) |
| Vacant Housing Units | 811 ( 7.8%) |
| Median Home Value | $544,355 |
| Average Home Value | $580,780 |
Housing Distribution
Address Breakdown
Residential
9,862
Single Family
2,152
Multi-Family
7,710
Businesses
178
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Listed by: Caitlin Kamerman • Compass
Mls Name: Bright MLS
Mls ID: #VAAX2049056